Frasers Hospitality Group Strengthens Malaysia Footprint with the Addition of Fraser Residence Putrajaya
Singapore -- Frasers Hospitality Group, a division of Frasers Centrepoint Limited, will be launching its first Gold-Standard serviced residence in the federal administrative centre of Malaysia with the opening of Fraser Residence Putrajaya in 2019. This will add to its growing portfolio in Malaysia which is targeted to increase to eight properties with more than 2,400 units by 2019.
Mr Choe Peng Sum, Chief Executive Officer of Frasers Hospitality Group, said: "The addition of Fraser Residence Putrajaya to our portfolio places us in four prominent cities across Malaysia, which is one of Asia's fastest-growing economies. The next three years will see the launch of more than 10 commercial developments with offices, shopping malls, F&B and entertainment offerings within the area. Furthermore, under its Economic Transformation Programme, Malaysia plans to transform the Klang Valley into one of the world's top investment destinations by attracting 10 multinational companies a year to establish its operations there. This will increase the demand for short to long-term serviced accommodation by foreign diplomats, expatriates, business executives and their families, and we will be well positioned to meet that need," he added.
Located strategically between Putrajaya and Cyberjaya, the 253-unit Fraser Residence Putrajaya faces the Putrajaya Lake, which marks the centre of the precinct. A Gold-standard serviced residence with contemporary and minimalist theme, Fraser Residence Putrajaya is designed by award-winning multidisciplinary design firm, Bates Smart. Fraser Residence Putrajaya enjoys unobstructed waterfront views and easy access to restaurants, retail outlets and offices within its mixed-use development, as well as other dining options, supermarkets, schools and a hospital located within the area.
Frasers Hospitality Group commenced operations in Malaysia with the opening of Fraser Place Kuala Lumpur in 2010, followed by the opening of Capri by Fraser Kuala Lumpur in 2014 and Frasers Hospitality Group's largest serviced residence, the 446-unit Fraser Residence Kuala Lumpur, in 2015. The positive demand for its offerings in Malaysia is reflected in the steady occupancies of more than 85 percent across the properties, and the prestigious accolades received including the most recent Travellers' Choice Awards by TripAdvisor for Fraser Place Kuala Lumpur and Capri by Fraser Kuala Lumpur, as well as Malaysia's Leading Serviced Apartments 2015 by World Travel Award for Fraser Residence Kuala Lumpur.
Frasers Hospitality Group's global portfolio, including those in the pipeline, stands at 139 properties3 in more than 80 cities and 22,800 keys worldwide.
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Frasers Hospitality, the hospitality arm of Frasers Centrepoint Limited, is a global hospitality operator with Gold-Standard serviced, hotel residences and boutique lifestyle hotels across North Asia, Southeast Asia, Australia, Europe, and the Middle East. Frasers Hospitality commits to “anticipates and exceeds the evolving needs of executive travellers through continuous innovation”, and providing its customers with the space, family and community away from home. Conceived with the lifestyle preferences of today’s discerning extended stay executive travellers in mind, Frasers Hospitality has three branded Gold-Standard serviced residences offerings – Fraser Suites, Fraser Place and Fraser Residence, a second-tier brand, Modena by Fraser, and a design-led hotel residence brand, Capri by Fraser. In addition, the group operates two brands of upscale boutique lifestyle hotels, Malmaison and Hotel du Vin. For more information on Frasers Hospitality Pte Ltd, please visit www.frasershospitality.com.