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Frasers hospitality plans major expansion.
Tuesday, 5th April 2011
Source : HVS International
Frasers Hospitality, the hospitality wing of Fraser & Neave Group, has announced plans to expand its portfolio by adding 4,300 serviced apartment units to its current inventory in the coming two years.

The expansion plan began with the launch of Fraser Residence Orchard, the company's fourth serviced apartment property in Singapore.

Frasers Hospitality will subsequently expand into gateway cities such as Suzhou and Chengdu in China and New Delhi in India, as well as Istanbul in Turkey, over the next two years, with aims to have 64 properties across 37 cities under its management by 2012.

www.hvs.com
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