Frasers Hospitality opens third serviced residence in Jakarta
FRASERS Hospitality, a division of mainboard-listed property firm Frasers Centrepoint Limited, on Monday launched Fraser Place Setiabudi, its third serviced residence in the Indonesian capital of Jakarta.
Located along Jalan Karbela Selatan, Fraser Place Setiabudi is a "Gold-Standard" serviced residence towering 31 storeys above the central business district of Jakarta's Golden Triangle.
The opening of the 151-unit serviced residence will bring Frasers Hospitality's Jakarta portfolio to a total of eight properties with more than 1,300 units by 2019.
Choe Peng Sum, chief executive officer of Frasers Hospitality, said: "Indonesia is a key growth market for us and our confidence is reflected in the fact that more than 20 per cent of our South-east Asian properties are located in Jakarta."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
BHP targets Anglo American in bid valuing miner at US$39 billion
FTSE 100 hits record high on big mining M&A, earnings push
Hermes Q1 sales jump 17% on strong China demand
AstraZeneca leaps after smashing Q1 forecasts
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover