Frasers Hospitality Pte Ltd Expands Indonesia Footprint

Nov. 11, 2014 - PRLog -- Frasers Hospitality has opened its second property, Fraser Residence Menteng, in Jakarta, adding 128 Gold-standard serviced units to the capital’s business and diplomatic centre.

The hospitality arm of the Frasers Centrepoint Group plans to grow its footprint in Indonesia with the opening of another six properties in the nation’s capital by 2017. Properties outside Jakarta are also in the pipeline. In total, Frasers Hospitality will have an inventory of 10 properties and over 1700 serviced units in Indonesia. With the increased Fraser presence, travellers can look forward to enjoying 10 Gold-standard serviced residences in the Indonesian capital within the next three years.

“We are very bullish on Indonesia,” said Frasers Hospitality CEO, Mr Choe Peng Sum. The Indonesian government forecasts GDP to grow 5.6%[1] (http://#_ftn1) in 2015. “With its strong growth – GDP is projected to grow annually at 3.07% until 2030^[2] (http://#_ftn2) – and arrivals growing at about 10% each year, the country offers great potential for our Fraser brands which target professionals, managers and executives traveling on medium-term work projects.” Indonesia has a masterplan to grow to become one of the 10 largest economies by 2030.

“Our first property, Fraser Residence Sudirman Jakarta, opened in 2011 and has enjoyed occupancy exceeding 90%. We believe the Fraser Residence blend of comfort and security makes it ideal for business travellers who want a private sanctuary in the heart of the city,” added Mr Choe. As Frasers Hospitality’s footprint expands in Indonesia, the other Fraser brands will also make their mark in the country: Fraser Suites, Fraser Place and Capri by Fraser, a design-led hotel-residence aimed at the Millennial business traveller.

Strategically located at Menteng Raya in Central Jakarta, close to Thamrin, the city’s main business district, Fraser Residence Menteng is minutes from offices of multinational corporations, key tourist sites, shopping and dining. While it is in the heart of the business district, Fraser Residence Menteng is an oasis from the hustle and bustle of the city for its guests. It offers round-the-clock security, fitness centre, indoor spa, steam and sauna, lap pool, jet and wading pool. There are also a games room and indoor children’s playroom as well as a residents’ lounge and library. Complimentary wireless Internet access is available throughout the property and the business executive can also use its meeting facilities and business services.

Each residence comes fully-furnished, with separate living, dining, kitchen and bedroom areas.

Contemporary and minimalist in design, each residence exudes a sense of tranquillity with full-length windows allowing an abundance of natural light to cascade into the spacious and well-appointed interiors.

In addition to the three brands of Gold-standard serviced residences – Fraser Suites, Fraser Place and Fraser Residence, Capri by Fraser is Frasers Hospitality’s newest brand, targeted at the Millennial traveller while Modena by Fraser is perfectfor the road warrior. These are among the most highly awarded brands in the world.

Frasers Hospitality is a global hospitality asset management and operations group with Gold-standard hospitality brands across Europe, North Asia, Southeast Asia, Middle East and Australia.

Frasers Hospitality grew from two properties and 400 serviced residences in 1998 to 92 properties and 15,500 serviced residences in 2014. The group is on track to double its inventory to 30,000 serviced residences over the next five years.

[1] (http://#_ftnref)Indonesia Forecasts 2015 GDP Growth at 5.6%

[2] (http://#_ftnref)Indonesia Economic Forecasts 2014-2030 Outlook