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FRASERS Hospitality Group, the hospitality division of Frasers Centrepoint Limited (FCL), has tied up with Japanese developer Sekisui House Ltd to open Fraser Suites Tokyo through a management contract.
Redeveloped from an existing four-storey office building, Fraser Suites Tokyo will be a 23-storey building comprising a 223-unit serviced residence. It is slated to open in time for the 2020 Summer Olympics in Japan.
Calling Japan a "very important market", Frasers Hospitality CEO Choe Peng Sum said that along with Japan's target to achieve 40 million visitors by 2020, the group expects to see a rise in room rates against the backdrop of increasing demand.
"Globally we aim to have a presence in major key gateway cities, and our entrance into Tokyo brings us one step closer to this goal," he added. "Fraser Suites Tokyo is a significant addition to our established presence in Japan, and we hope to continually increase our portfolio in central Japan."
Nestled in the premier district of Minato-ku, Akasaka, Fraser Suites Tokyo is near prime commercial and residential developments, foreign embassies and the prime minister's official residence. It is centrally located in the midst of Tokyo's main transportations hubs - Akasaka station, Akasaka-mitsuke station and Aoyama-itchome station - which allows for easy access around Tokyo and across cities.
International hospitality design firm Hirsch Bedner Associates has been appointed interior designers of Fraser Suites Tokyo.
Sekisui House has been involved in local and international housing developments, urban commercial projects and mixed-use developments. Other collaborations it has with hospitality players include those with Ritz Carlton and St Regis in Kyoto and Osaka respectively.
Fraser Suites Tokyo will offer a selection of luxurious studio apartments and one-bedroom apartments ranging from 35 sq m to 60 sq m, along with a wide range of lifestyle facilities.