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