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Follow on Google News | Frasers Hospitality On Track To Grow China PresenceFootprint in China envisaged to double to 30 properties with over 7,000 keys by 2019
By: Frasers Hospitality Pte. Ltd The gateway city to Northeast China, Dalian is a major port and centre for trade, industry, business and tourism. A leading city in the central government's programme, Dalian has attracted high levels of FDI, which in 2014 were US$12.47 billion[1] (http://#_ftn1) Gearing towards its global target of 30,000 keys by 2018/19, the newly acquired serviced residence in Dalian is one of the 16 new properties[3] Mr Choe Peng Sum, Chief Executive Officer of Frasers Hospitality said: “With a growth rate of 7% per annum, one cannot ignore the strength of China’s position as the world’s second largest economy and a strong magnet for foreign direct investment.” Investing in Dalian, one of the country’s top 10 fastest growing cities is our investment in the future of China. The 16 new additions not only strengthen our network in China but also place us strategically in the country’s most thriving cities. World-renowned designers Hirsch Bedner Associates have been appointed to design the 259-unit “Fraser Suites Dalian”. Ranging from contemporary studios to luxurious three bedroom apartments, each residence will feature living, dining, and bedroom areas furnished with high quality fittings. The property will also provide facilities including gym, swimming pool, conference and meeting spaces. It is scheduled to open in 2017. [1] (http://#_ftnref1) National Bureau of Statistics of China [2] (http://#_ftnref2) Provincial and City level Economic and Societal Development Statistical Announcements, National Bureau of Statistics of China [3] (http://#_ftnref3) [4] (http://#_ftnref4) It is part of the mixed-use Europark Tower development comprising a 100,000sqm lifestyle shopping mall, designer offices and luxury residential apartments and is located in the heart of Donggang CBD within walking distance to Dalian Port and Davos Conference Centre. Frasers Hospitality’ Frasers Hospitality’ [1] (http://#_ftnref1) End
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