Frasers Hospitality, a member of Fraser Centrepoint, has opened its second serviced residence in Tianjin, China.
Located close to the historic Nankai district, the 192-unit Fraser Place Tianjin complements the 104-unit Modena by Fraser Heping Tianjin, which was launched in 2010.
Fraser Place Tianjin is the hospitality group’s 15th property in China where its footprint is expected to double to 30 properties with over 7,000 serviced apartment units by 2019.
“Despite a slowdown in economic growth, there is no denying that China will continue to remain the Asian economic powerhouse, which is expected to double in size by 2020 from 2010 levels,” says Choe Peng Sum, CEO of Frasers Hospitality.
“We plan to continue strengthening our presence in China with our range of serviced residence offerings that cater to the different segments of the business and leisure travel market,” he adds.
Shares in Frasers Centrepoint closed 0.31% higher at $1.63 today.
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Located close to the historic Nankai district, the 192-unit Fraser Place Tianjin complements the 104-unit Modena by Fraser Heping Tianjin, which was launched in 2010.
Fraser Place Tianjin is the hospitality group’s 15th property in China where its footprint is expected to double to 30 properties with over 7,000 serviced apartment units by 2019.
“Despite a slowdown in economic growth, there is no denying that China will continue to remain the Asian economic powerhouse, which is expected to double in size by 2020 from 2010 levels,” says Choe Peng Sum, CEO of Frasers Hospitality.
“We plan to continue strengthening our presence in China with our range of serviced residence offerings that cater to the different segments of the business and leisure travel market,” he adds.
Shares in Frasers Centrepoint closed 0.31% higher at $1.63 today.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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