Frasers Hospitality to double portfolio in China by 2021

Singapore

FRASERS Hospitality, a division of Frasers Centrepoint, on Friday unveiled its plan to double its operating properties in China to 25 across 15 cities by 2021.

This expansion plan was kickstarted with Friday's opening of Modena by Fraser Changsha in the capital of Hunan province. The 354-unit development - which ups the count to 12 properties now - was one of 14 properties slated to capture the rise in domestic and international travellers in the country.

The plan involves opening new properties in its existing markets - mostly first-tier cities such as Shenzhen, Shanghai, Tianjin, Nanjing, Chengdu and Wuhan - and forays into new cities su…