Frasers Hospitality boosts China presence
Addition of 10 serviced residences in second-tier cities and two in first-tier Shanghai and Shenzhen
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Singapore
FRASERS Hospitality, the hospitality arm of mainboard-listed Frasers Centrepoint Limited (FCL), is expanding in China, with the addition of 10 serviced residences in the second-tier cities of Tianjin, Nanchang, Hefei, Dalian, Kunming, Wuxi and Chengdu, and two more in first-tier Shanghai and Shenzhen.
All of them will be operated under management contract arrangements. Altogether, the new residences will add more than 2,400 units, almost doubling Frasers Hospitality's China portfolio and bringing it to 26 properties with over 5,900 units.
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