Frasers to double China portfolio
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Serviced apartment company Frasers Hospitality has continued the expansion of its portfolio in China.
The company has set the target of operating 23 properties in the country in the next two years, with a key focus on the tier one cities of Beijing, Shanghai and Guangzhou. And Frasers has now taken two major steps along the road to achieving this target, with the unveiling of the new Fraser Suites Guangzhou and the refurbished Fraser Residence Shanghai.
Located in the city’s main Tianhe business district, Fraser Suites Guangzhou forms part of a mixed-use development comprising offices and a shopping mall. It features 332 studio, one-, two and three-bedroom residences, plus a business centre, meeting rooms, a swimming pool, gymnasium and golf simulator.
Fraser Residence Shanghai meanwhile, was recently refurbished and now features 324 residences, ranging from studios to three-bedroom penthouses. Facilities include a heated indoor swimming pool, gymnasium, pool table, library, spa, business centre and conference facilities.
“Our commitment to deepening our presence in China is reflective not only in every new opening, such as Fraser Suites Guangzhou which establishes our foothold in such an important region, but also in ensuring that our properties are always at the forefront of meeting the needs of international travellers,” said Choe Peng Sum, CEO of Frasers Hospitality.
“This is seen in the extensive refurbishment of Fraser Residence Shanghai and also in our diversified portfolio of brand offerings that include the Fraser-branded serviced residences as well as Modena which we launched here in China to meet the extended stay needs of the growing number of road-warriors,” he added.
Frasers’ China portfolio will increase further by the end of 2013 with the addition of Fraser Place Tianjin, Modena Wuhan and Modena Wuxi.
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