Category Archives: Service Apartments

Frasers Hospitality launches hotel Capri

Frasers Hospitality is entering the hotel industry with the launch of a new concept called Capri by Fraser, which will provide short term hotel accommodation with the trappings of a full serviced residence.

To be rolled out across Asia, the S$124 million Capri by Fraser will be launched in Singapore at Changi Business Park in the third quarter of this year.

Adding to its portfolio of serviced residences in 39 cities worldwide, Capri by Fraser will also be launched in Ho Chi Minh in Vietnam later in December and in Kuala Lumpur in 2013.

The new brand aims to capture young professionals who make frequent short regional trips, usually between one to two weeks.

It also offers high-speed and free Wi-Fi access as well as a menu of intelligent services.

Despite the uncertain economic outlook, the hospitality chain believes growth in Asia is still robust.

Choe Peng Sum, CEO, Frasers Hospitality, said: “There is stability in the serviced residence apartment. There is a reason for that. And that’s because many of the people who stay in the serviced apartments are in corporate businesses and their businesses are already in that country. So it’s not likely they are going to pack up and go unless of course, the recession and the financial crisis goes on for an extended basis.”

Source: CNA -9 May 2012


Frasers launches 2nd property in Scotland

Fraser Suites Edinburgh is its 12th project in Europe

Frasers Hospitality said yesterday it has launched Fraser Suites Edinburgh, its second property in Scotland and 12th in Europe.

The inner-city property, which has 75 suites, is in St Giles Street, just off Edinburgh’s famous Royal Mile.

The project features a restored 130-year-old facade plus contemporary interiors and services. Some original features retained in the Grade B-listed building include high ceilings and ornate cornices.

Frasers Hospitality’s chief executive Choe Peng Sum said: ‘The experience of developing Fraser Suites Edinburgh has given us valuable insights into the potential of bringing historic buildings back to life for a whole new generation of business and leisure travellers.’

A Frasers statement yesterday said the opening of its latest project caps a record growth year. So far this year, the group has opened 740 individual serviced residences in six countries.

Frasers’ first project in Europe was Fraser Suites Kensington which opened in 2007. Today, it owns and manages eight properties in key locations in London, two in Paris, including one on the Champs Elysees, as well as Fraser Suites Glasgow.

For 2010, Frasers said it expects to achieve another record year, including debuts in new markets such as India and Budapest and the opening of new properties in the existing markets of Japan and China.

Frasers’ global footprint currently extends across North Asia, Southeast Asia, Europe, the Middle East and Australia. Another 5,655 residences are on the drawing board and the company expects to have more than 10,600 residences in its portfolio by end-2012.

Source : Business Times – 19 Nov 2009