Table of Contents Categories
  • Hotel chains in Singapore
  • Singaporean brands
  • 1998 establishments
  • Hotels established in 1998
  • 1998 establishments in Singapore
    •   Encyclosphere.org ENCYCLOREADER
      supported by EncyclosphereKSF

    Frasers Hospitality

    From Wikitia - Reading time: 4 min
    Frasers Hospitality
    Subsidiary
    Traded asSGX: ACV
    IndustryHospitality
    Founded1998; 26 years ago (1998)
    Headquarters
    Singapore
    Number of locations
    		More than 140 serviced apartments and hotels
    Area served
    		Worldwide
    Key people
    		Koh Teck Chuan (CEO)
    Products
    • Serviced apartments
    • Hotels
    OwnerFrasers Property
    Websitefrasershospitality.com

    Frasers Hospitality is a Singapore-based international hospitality chain that is a subsidiary of Frasers Property. It owns and manages over 140 hotels and serviced apartments in the luxury, premium and midscale segments across Asia, Oceania, Middle East, Europe and Africa.[1]

    Its portfolio of brands include Fraser Suites, Fraser Place, Fraser Residence, Modena by Fraser, Capri by Fraser, Malmaison and Hotel du Vin.[2][3]

    History[edit]

    Frasers Hospitality began operations in 1998 with the opening of two serviced residences in Singapore at the height of the 1997 Asian financial crisis.[4][5]

    In 2010, the chain entered the midscale market with the launch of the Modena by Fraser brand. The first property was opened in Tianjin, China.[6] Frasers Hospitality launched its hotel-residence brand Capri by Fraser in 2012 which is targeted at millennial travellers.[7][8]

    The group went public in 2014 on the Singapore Exchange as a stapled security, consisting of a real estate investment trust (REIT) and a business trust.[9][10] It trades under the name of Frasers Hospitality Trust.[11]

    In 2015, Frasers Hospitality expanded its presence in Europe through the acquisition of 29 Hotel du Vin and Malmaison hotels from KSL Capital Partners for £363 million.[12][13] In the same year, the chain purchased four properties in the UK from Swire Properties Hotels Holdings for £36.1 million.[14][15]

    The current chief executive officer is Koh Teck Chuan.[16]

    Loyalty programme[edit]

    Fraser World is the official loyalty programme of Frasers Hospitality. The previous loyalty programme was a recognition-based scheme.[17]

    References[edit]

    1. ↑ "About Us | Frasers Hospitality". www.frasershospitality.com. Retrieved 2020-09-28.{{cite web}}: CS1 maint: url-status (link)
    2. ↑ "Best Extended Stay Hotels and Lodging | Frasers Top Luxury Apartments". www.frasershospitality.com. Retrieved 2020-09-28.
    3. ↑ Ramchandani, Nisha (2019-06-17). "Frasers Hospitality to grow footprint in Europe with Malmaison, Capri brands". The Business Times. Retrieved 2020-09-28.
    4. ↑ Miller, Monica (2017-07-03). "How one man built a global hospitality empire". BBC News. Retrieved 2020-09-28.
    5. ↑ Huang, Claire (2016-05-31). "Frasers Hospitality steps up global expansion with debuts in 21 cities". The Business Times. Retrieved 2020-09-28.
    6. ↑ "Frasers Hospitality launches 'Modena'". Travel Daily. 2011-10-26. Retrieved 2020-09-28.
    7. ↑ "Frasers Hospitality launches Capri by Fraser". Singapore Business Review. 2012-05-09. Retrieved 2020-09-28.{{cite web}}: CS1 maint: url-status (link)
    8. ↑ "Frasers Hospitality expands upscale hotels to tap millennials". Nikkei Asian Review. Retrieved 2020-09-28.
    9. ↑ Khoo, Lynette (2014-06-24). "Frasers Hospitality Trust IPO set to rake in $365m". The Business Times. Retrieved 2020-09-28.
    10. ↑ "Frasers Hospitality Trust launches IPO at $0.88 per share". Singapore Business Review. 2014-06-24. Retrieved 2020-09-28.{{cite web}}: CS1 maint: url-status (link)
    11. ↑ "FRASERS HOSPITALITY TRUST (ACV.SI) stock price, news, quote & history – Yahoo Finance". sg.finance.yahoo.com. Retrieved 2020-09-28.
    12. ↑ "Frasers Hospitality of Singapore buys Hotel du Vin for £363m". 2015-06-17. Retrieved 2020-09-28.{{cite web}}: CS1 maint: url-status (link)
    13. ↑ Ramchandani, Nisha (2019-06-17). "Frasers Hospitality to grow footprint in Europe with Malmaison, Capri brands". The Business Times. Retrieved 2020-09-28.
    14. ↑ "Frasers Hospitality buys four UK hotels". Business Traveller. Retrieved 2020-09-28.
    15. ↑ Yahya, Yasmine (2015-12-09). "Frasers Hospitality acquires four boutique hotels in Britain". The Straits Times. Retrieved 2020-09-28.{{cite web}}: CS1 maint: url-status (link)
    16. ↑ "Koh Teck Chuan joins Frasers Hospitality as CEO". The Business Times. 2019-02-19. Retrieved 2020-09-28.
    17. ↑ "Frasers Hospitality revamps loyalty programme". Business Traveller. Retrieved 2020-09-28.

    External links[edit]

    This article "Frasers Hospitality" is from Wikipedia. The list of its authors can be seen in its historical. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace.

    Licensed under CC BY-SA 3.0 | Source: https://wikitia.com/wiki/Frasers_Hospitality
    15 views | Status: cached on November 20 2024 01:50:43
    ↧ Download this article as ZWI file
    Encyclosphere.org EncycloReader is supported by the EncyclosphereKSF