Frasers Hospitality Pte Ltd (Fraser), the hospitality arm of Frasers Centrepoint Limited, a wholly-owned subsidiary of Fraser and Neave Limited, aims to open 16 new properties this year, 12 under the Fraser brand and four under the new Modena brand while making its debut in 12 major cities. The company will open new properties in Hungary, Qatar, United Arab Emirates, Malaysia, India, Japan, Middle East and China. This information was given by Choe Peng Sum, Chief Executive Officer, Frasers Hospitality.
According to a report in bernama.com, Frasers Hospitality currently manages 31 properties comprising 4,800 individual residences in 19 cities worldwide. Recently, the company launched the Fraser Suites Seef Bahrain, the first of five properties to come on line in the Middle East over the next two years.
Another two properties in Oman and the Kingdom of Saudi Arabia are scheduled to open within two years. With another 6,000 residences already on the drawing board, the company is on course to manage more than 10,600 individual residences by the end 2012.
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