Conglomerate Fraser and Neave says its Frasers Hospitality unit has established a significant presence in Malaysia, with the grand opening of its maiden property, Fraser Place Kuala Lumpur yesterday. The project is the first of two serviced residences to open in the heart of the city. Fraser Place Kuala Lumpur is located in the prestigious 'Golden Triangle' and within walking distance of the iconic...
Frasers Hospitality
Frasers Hospitality is expanding its presence in the Middle East. It has opened its Fraser Suites Seef Bahrain in the kingdom's business and entertainment district. The 19-storey property has 91 one or two bedroom suites and three penthouses. Frasers said is the only international-class accommodation with direct access to the city's exclusive Seef Mall. The property in Bahrain is the first of five that...
Frasers Hospitality has signed a contract to manage its first Fraser Suites property in India's capital, New Delhi. The nine-storey, 90-unit Fraser Suites New Delhi is scheduled to open in October next year. The company said the property has an ecological design, aimed at optimising the use of solar energy for lighting, heating and electricity generation. Situated in the Mayur Vihar area, it is part of...
Frasers Hospitality, a unit of food and property conglomerate Fraser and Neave (FRNM.SI), has been in talks with private equity firms to form a real-estate fund but is not in hurry to start the business, a senior executive told Thomson Reuters in an interview today. “I think there will be many good deals, but we’re not in a hurry to jump in at the moment,” Choe Peng Sum, chief executive officer of...
Frasers Hospitality has signed agreements to manage its first three properties in India. The first is a 50-unit serviced residence which will open in June next year, near Bangalore's new international airport. The second is a 153-unit serviced residence near the Bangalore IT Park. Both properties are owned by the Skyline Group. Under a third contract, Frasers will manage 99 serviced apartments for the...
IT LOOKS like being a business for all seasons. The global economic and financial turmoil has yet to have a major impact on Frasers Hospitality, the serviced apartments arm of Frasers Centrepoint, itself the property division of mainboard listed Fraser & Neave. The firm is certainly playing in the big league; its newest property in China - Fraser Suites Top Glory in Pudong - was formally opened...
Singapore's Frasers Hospitality, which manages serviced apartments, has launched its latest property in Shanghai. Despite the current global financial uncertainty, it remains bullish about its prospects. Frasers Suites Top Glory in Shanghai was opened by former US secretary of state, Henry Kissinger. The five-tower serviced apartments are located in the bustling Lujiazui central business district in...
Low costs and promising markets pave the way for expansion in Asia, Europe Property crisis or not, Frasers Hospitality is dead-set on rapid expansion, planning within the next 15 months to double the number of service apartments it owns and operates. The company, an offshoot of food and beverage mainboard-listed blue chip Fraser & Neave, is looking to set up its own procurement unit for central...
Serviced apartment operators have fared well It is an industry that went relatively unscathed through the Sars epidemic, despite the deserted airports and near-empty hotels. Even during those times, serviced apartments in Singapore, which cater primarily to expatriates, were able to maintain an occupancy rate of more than 70 per cent. While health scares may make merrymakers rethink their holiday plans...
Upping the swank factor While almost everybody else in China was glued to news about the Olympics, Singapore-based Frasers Hospitality yesterday opened its swankiest digs to date in the country, the 357-unit Fraser Suites CBD in Beijing, which cost US$135 million ($190 million). Singapore President S R Nathan, in the Chinese capital at the invitation of that country’s government to watch the Games,...