Frasers Hospitality to Launch Modena by Fraser in Changsha
Frasers Hospitality, a division of Frasers Centrepoint Limited, will be launching its refreshed Modena by Fraser serviced residence brand in the capital of the Hunan Province with the opening of Modena by Fraser Changsha this December. Marking Frasers Hospitality's entry into Changsha, this will follow the upcoming launch of Modena by Fraser Bangkok in August 2016, which will also feature Modena by Fraser's new functional and green-living concept.
Mr Choe Peng Sum, Chief Executive Officer of Frasers Hospitality, said: "This new greener Modena by Fraser concept is in line with Frasers Hospitality's commitment to driving greater environmental awareness, which is also demonstrated through our recent partnership with WWF and Earth Hour on the 'Just One' hotels programme. With this fresh take on Modena by Fraser, we are pleased to be offering travellers to Changsha a more conscientious and sustainable approach to stylish urban living. They will have everything necessary to meet their demanding lifestyle needs and the opportunity to be a part of our green practices. This fits in very well with travellers' increasing preference for sustainable accommodation that takes care of them and the environment concurrently."
"Our entry into Changsha, the economic, political and cultural centre of Hunan, is of great significance to our growth strategy for China and puts us on track to achieve our goal of 30 properties in China by 2019," he added.
One of the largest cities in central China and the gateway to inland cities in China, Changsha, with its strategic location, well-established infrastructure and access to the fast-growing China market, is home to many multinational corporations. Foreign direct investment (FDI) in Changsha amounted to US$3.9 billion in 2014 , a 30% increase from US$3.0 billion in 2013 . Located at the crossroads of three major national high-speed railways, it is one of China's 17 major regional logistics hubs offering convenient access to China's coastal areas.
The 345-unit Modena by Fraser Changsha is situated in a prime central business district of the burgeoning metropolis. It forms part of a mixed-use development which comprises Grade-A offices and a retail mall, offering the convenience of a variety of dining, shopping and entertainment options within the vicinity.
Business travellers will be able to choose from a range of fully furnished studio apartments, one-bedroom and two-bedroom apartments, each of which comes complete with a spacious living area, a well-equipped kitchenette, modern workspace and a comprehensive home entertainment system. This will be complemented by fast and free wireless internet connection, a 24-hour gymnasium, a swimming pool, meeting and conference facilities, and open communal spaces to work, chill out or meet.
Frasers Hospitality's global portfolio, including those in the pipeline, stands at 140 properties in 77 cities and more than 22,500 keys worldwide.
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.