Frasers launches second serviced residence in Tianjin
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Frasers Hospitality has expanded its presence in China with the opening of its second serviced residence in Tianjin.
Located adjacent to the Olympic Stadium Centre, the Fraser Place Tianjin offers 192 serviced apartments, ranging from studios to three-bedroom units, and all featuring kitchens, living areas, home entertainment systems and free Wi-Fi.
Facilities at the property include including a restaurant with private rooms and an outdoor barbecue area, a lobby bar, billiard room, kids’ club, jet pool, steam and sauna facilities, a 24-hour gym and meeting space for up to 120 people.
“China is one of our fastest-growing markets and the opening of our 15th property in China is a clear reflection of the confidence that we have in its continued growth,” said Choe Peng Sum, CEO of Frasers Hospitality. “Despite a slowdown in economic growth, there is no denying that China will continue to remain the Asian economic powerhouse, which is expected to double in size by 2020 from 2010 levels.
“We plan to continue strengthening our presence in China with our range of serviced residence offerings that cater to the different segments of the business and leisure travel market,” he added.
The new property becomes Frasers’ second serviced residence in Tianjin, following the 104-unit Modena by Fraser Heping Tianjin which launched in 2010. The company now operates 15 properties in the country, but plans to double this portfolio to 30 serviced residences by 2019.
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