Drawing on its experience as a world leader in serviced residences, Frasers Hospitality Pte Ltd (Frasers) today unveiled its new brand, Capri by Fraser, the latest addition to its portfolio, which will include more than 73 properties in 39 cities worldwide within the next three years. Designed to meet the lifestyle needs of the digital generation, Capri by Fraser cuts through the conformity of typical...
Service Apartment
Frasers Hospitality, the serviced apartment arm of listed Fraser and Neave, broke ground yesterday for its second property in Jakarta. Frasers will manage 210 ultra-deluxe apartments in the property, Frasers Suites Kuningan, at Ciptutra World 2. Located in the heart of Jakarta's golden triangle, it comprises twin towers of 45 storeys each. The complex, which also includes the W Hotel, is expected to be...
The Ascott, CapitaLand's wholly-owned serviced residence business unit, has secured a new management contract for its first Citadines Apart'hotel in Surabaya, Indonesia. In a filing with the Singapore Exchange, it says the 288-unit Citadines Marvell Surabaya is scheduled to open in 2014. Ascott is the largest international serviced residence owner-operator in Indonesia, with over 2,100 apartment units...
CapitaLand's serviced residence business unit, The Ascott Limited has won contracts to manage two properties in China. In a news release, The Ascott said the properties include 186-unit Ascott M-City Foshan which will open in 2016, and the 71-unit Somerset Victoria Park Hongkong in 2013. At the moment, Ascott owns and operates Citadines Ashley Hongkong in the Tsim Sha Tsui district. Mr Lim Ming Yan,...
The Ascott Limited (Ascott), a wholly-owned subsidiary of CapitaLand, has secured a contract from Nusajaya Consolidated Bhd to manage the Somerset Puteri Harbour Iskandar, its first serviced residence in Iskandar, Malaysia. Scheduled to open in 2013, the 204-unit project will be developed in a new joint venture between Malaysian developers UEM Land Bhd and United Malayan Land Bhd. Somerset Puteri Harbour...
The Ascott, CapitaLand's wholly-owned serviced residence business unit, has increased its presence in India with the soft opening of its first Somerset brand of serviced residence. The 187-unit Somerset Greenways Chennai follows the recent opening of the 96-unit Citadines Richmond Bangalore. Ascott has five other serviced residences in India which are under development in Ahmedabad, Bangalore, Chennai...
CapitaLand's wholly-owned serviced residence business unit, Ascott, has won two new contracts to manage properties in Chengdu and Beijing. The properties are the 181-unit Ascott Financial City Chengdu, which is slated to open in 2014, and the 187-unit Somerset Wangjing Beijing, which is scheduled to open a year later. With the two additional properties, Ascott said it is on track to achieve 12,000...
Ascott, CapitaLand's wholly-owned service residence business unit, will open its first serviced residence in India and operations will start from August 1. The 96-unit property - Citadines Richmond Bangalore - is strategically located along Bangalore's well-known Richmond Road in the Central Business District. The property offers a mix of spacious studio, one- and two-bedroom apartments as well as...
Indonesia's buoyant economy has prompted Singapore's Frasers Hospitality to make its first major foray into Jakarta's serviced residence market. The company recently opened its first property in the capital and plans to have three more in the next three years. Frasers Residence Sudirman added 108 units to the existing 4,500 serviced residences already in Jakarta. Frasers is only the second Singapore...
CapitaLand's wholly-owned subsidiary, The Ascott, has acquired prime properties in Paris, France for 65 million euros or about S$118.4 million. It has acquired 100 per cent shareholding in SNC Costes K, which owns the prime Hotel K, and an adjacent vacant residential property in Paris. After the acquisition is completed, Ascott will combine and transform the freehold properties into a premium serviced...