Frasers Hospitality

Frasers Hospitality buys Dalian serviced residence for S$100m

Frasers Hospitality on Friday (Aug 21) announced the purchase of a serviced residence in the northeastern Chinese city of Dalian. Frasers Hospitality, which is part of Singapore's Frasers Centrepoint, said it will pay RMB481.37 million (S$100.29 million) for the 259-unit Fraser Suites Dalian that is scheduled to open in 2017. The property will be part of the mixed-use Europark Tower development...

Malmaison Hotel du Vin purchase not a one-off by Frasers Hospitality: CEO

On Jun 17, hotel chain Frasers Hospitality bought a British boutique hotel operator – the Malmaison Hotel du Vin group – for S$760 million. Its Chief Executive Choe Peng Sum said this purchase will not be a one-off affair. Channel NewsAsia sat down with Mr Choe to find out more. Q: The acquisition of the Malmaison Hotel du Vin group of boutique hotels is your company's largest to date. What sort...

Frasers Hospitality to launch IPO at 88 cents per unit

Frasers Hospitality Trust (FHT) has priced its upcoming initial public offering (IPO) at S$0.88 per stapled security, giving investors who buy into the offer an indicative yield of 7 per cent per annum. According to a draft prospectus filed on the Monetary Authority of Singapore's (MAS) website on Monday (June 23), Frasers Hospitality will sell 182.1 million stapled securities at S$0.88 apiece in its...

Frasers growth plans hit by high land prices

Frasers Hospitality, the serviced apartment arm of the Fraser and Neave group, wants to expand in Singapore but may be put off by high land prices and construction costs. Its Chief Executive, Mr Choe Peng Sum, said: “We think there is scope for at least another Frasers property here, but we are a bit concerned about the high building and land costs here. Just a couple of years ago, it used to S$700 per...

Frasers Hospitality wins big at ‘travel Oscars’

Frasers Hospitality has been conferred the World's Leading Serviced Apartment Brand at the 19th World Travel Awards held in New Delhi. Often regarded as the "travel Oscars", the World Travel Awards are the largest, most comprehensive and prestigious awards in the travel industry. This is the first time in a 20-year history that the awards have been extended to the serviced apartment sector. Frasers also...

Frasers launches serviced residences in Melbourne

Frasers Hospitality has strengthened its presence Down Under with the opening of Fraser Place Melbourne, bolstering the firm's portfolio of premium-serviced residences in Australia's key gateway cities. Located in Melbourne's entertainment quarter and within a short walk from the city's financial district, Fraser Place Melbourne features 112 studio residences with integrated living, dining and kitchen...

Frasers Hospitality launches Capri by Fraser

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...

Frasers expands in Jakarta with deluxe flats

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...

Frasers Hospitality makes foray into Indonesia

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...

Frasers Hospitality undertaking ambitious expansion plans

Serviced apartment chain Frasers Hospitality has said it is undertaking its most ambitious expansion project yet. It announced plans to add 4,300 serviced apartment units to its current inventory in the next two years, bringing the total number of units to more than 9,000. The company is kicking off its aggressive expansion plan with the launch of Fraser Residence Orchard. Fraser Residence Orchard is...

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