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Frasers plans most aggressive expansion ever

Posted on 31 Oct 2009 | Comments Off

F&N’s hospitality arm to launch 26 projects in next two years alone

CRL general manager Xie Ji (left) sealing the deal with Mr Choe yesterday, at the end of the signing ceremony at which Mrs Lim was the guest-of-honour. — PHOTO: FRASERS HOSPITALITY PTE LTD

Frasers Hospitality is embarking on its most aggressive expansion plan yet, notwithstanding the global downturn that has stung the business clientele it predominantly serves.

The hospitality arm of conglomerate Fraser & Neave is opening 26 new properties over the next two years, but is already looking beyond this number.

Its latest goal is to sign up as many as three times that figure in the coming years, said Frasers Hospitality chief executive officer Choe Peng Sum.

’We are opening up 26 projects, but we are probably looking at double or triple that for new sign-ups going forward,’ he said.

He was speaking at an interview before signing a management contract with landlord China Resources Land (CRL) yesterday to manage Frasers’ fourth service residence in Shanghai. Continue reading →

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Frasers opens serviced suites in Delhi

Posted on 20 Aug 2009 | Comments Off

FRASERS Hospitality has announced its first serviced apartments in India’s capital, as it moves to entrench itself further in a market that it sees as having potential topped only by China.

The nine-storey, 90-unit Frasers Suites is close to central New Delhi as well as Noida, an industrial-residential town across the Uttar Pradesh state border. It is scheduled to open in October next year, in time for the Commonwealth Games in New Delhi.

Frasers’ involvement in the New Delhi property follows its debut in the Indian market last November with the announcement of three properties in Bangalore. With the latest announcement, the total number of Fraser-managed residences to be available in India within three years will be 585. Fraser Suites New Delhi is being developed by India’s IFCI Infrastructure Development.

The deal with IFCI underscores the Singapore company’s bullish approach to the Indian market, where the government expects the economy Continue reading →