Frasers Hospitality, a member of Frasers Centrepoint Limited, bolsters its presence in China with the opening of its second serviced residence in the burgeoning city of Tianjin. Located close to the historic Nankai district, the 192-unit Fraser Place Tianjin complements the 104-unit Modena by Fraser Heping Tianjin, which was launched in 2010. This will be Frasers Hospitality's 15th property in China, where its footprint is expected to double to 30 properties with over 7,000 serviced apartment units by 2019.
One of China's fastest growing metropolis and the gateway city to Northern China, Tianjin is an important industrial centre in China, which has attracted high levels of FDI amounting to 11.7 billion yuan with the newly established Tianjin Pilot Free Trade Zone. The integrated development of Beijing, Tianjin, and Hebei has also contributed to the number of in-bound tourists, which grew by 11.76 percent in the last year, which is reflected in the increase in Tianjin's tourism income by 18.32 percent.
Mr Choe Peng Sum, Chief Executive Officer of Frasers Hospitality said: "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. 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 based on 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."
Located in the city's prime entertainment district, adjacent to the Olympic Stadium Centre, Fraser Place Tianjin is also close to the XiQing Economic Development district, the International School of Tianjin and is surrounded by leisure options including the Sen'Ao Golf Club and the NewClubLife Wellness and Lifestyle Centre. Travellers will enjoy easy access to key tourist landmarks and the city's shopping, entertainment and dining options such as Tianjin Water Park, Zoo, Ancient Culture Street, Ao Cheng shopping mall, Galaxy International shopping mall, IMAX theatre, Jin Yi International Cinema, Binjang Road, Heping Walking Street Shopping Area, popular cafés and restaurants, which are all within 15-20 minutes distance away.
Fraser Place Tianjin offers a selection of spacious, fully furnished serviced apartments ranging from 45sqm to 121sqm. Featuring stylish design and modern conveniences that provide the utmost comfort for business and leisure travellers and their families, they range from studios to three-bedroom apartments and come with integrated living, dining and bedroom areas, well-equipped kitchens and comprehensive home entertainment systems.
Fraser Place Tianjin provides an impressive range of leisure facilities including a 24-hour fully equipped gym, lobby bar, billiards and games room, kids club, jet pool, steam and sauna facilities, and all-day-dining restaurant, Swatches, which features a buffet area, a private room and an outdoor BBQ area.
Travellers can take advantage of its business facilities, which are equipped with the latest audio and video conference facilities, projector and whiteboard. These include meeting facilities with the capacity to host up to 100 persons for cocktail parties, banquets or seminars, and a boardroom that can accommodate up to 20 persons.
Fraser Place Tianjin also provides 24-hour security and CCTV surveillance, and complimentary high-speed Wi-Fi Internet access as a standard offering across all Frasers Hospitality's properties.
Frasers Hospitality's global portfolio, including those in the pipeline, stands at 132 properties in more than 70 cities and more than 21,000 keys worldwide.
A special introductory rate starting from RMB12, 000 monthly, inclusive of daily breakfast and housekeeping, is available for stays commencing from 1 December 2015 to 29 February 2016. Reservations are subject to availability and can be made online at http://tianjin.frasershospitality.com, by calling +86 22 5892 0800 or emailing [email protected].
About Frasers Property Limited
Frasers Property Limited ("Frasers Property" and together with its subsidiaries, the "Frasers Property Group" or the "Group"), is a multi-national owner-operator-developer of real estate products and services across the property value chain. Listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST") and headquartered in Singapore, the Group has total assets of approximately S$38.7 billion as at 31 March 2020. Frasers Property's multi-national businesses operate across five asset classes, namely, residential, retail, commercial & business parks, industrial & logistics as well as hospitality. The Group has businesses in Southeast Asia, Australia, Europe and China, and its well-established hospitality business owns and/or operates serviced apartments and hotels in over 70 cities across Asia, Australia, Europe, the Middle East and Africa. Frasers Property is also the sponsor of two real estate investment trusts ("REITs") and one stapled trust listed on the SGX-ST. Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust are focused on retail, and industrial & commercial properties respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust focused on hospitality properties. In addition, the Group has two REITs listed on the Stock Exchange of Thailand. Frasers Property (Thailand) Public Company Limited is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is focused on industrial & logistics properties in Thailand, and Golden Land Property Development Public Company Limited is the sponsor of Golden Ventures Leasehold Real Estate Investment Trust, which is focused on commercial properties. The Group is unified by its commitment to deliver enriching and memorable experiences to customers and stakeholders, leveraging its people, knowledge and capabilities from across markets to deliver value in its multiple asset classes For more information on Frasers Property, please visit frasersproperty.com.
About Frasers Hospitality
Frasers Hospitality, a member of Frasers Property Group, celebrates 22 years of offering memorable experiences to guests through its Gold-Standard serviced, hotel residences and boutique lifestyle hotels across Asia, Australia, Europe, the Middle East and Africa. Growing from two properties in Singapore to more than 140 properties in over 70 cities, Frasers Hospitality is now one of the world's largest and fastest-growing providers of serviced and hotel residences. Conceived with the lifestyle preferences of today's discerning business and leisure travellers in mind, the global hospitality operator has three Gold-Standard serviced residences offerings - Fraser Suites, Fraser Place and Fraser Residence, a modern and eco-lifestyle brand, Modena by Fraser, and a design-led hotel residence brand, Capri by Fraser. In addition, it operates two brands of upscale boutique lifestyle hotels in the key cities of UK, Malmaison and Hotel du Vin. With a remarkable list of accolades and awards as recognition of its success, Frasers Hospitality remains committed to anticipating the evolving needs of executive travelers and exceeding expectations with continuous innovation and intuitive service, creating a second home for guests where staff feel like family and residents feel like community. For more information on Frasers Hospitality, please visit frasershospitality.com.