Frasers Hospitality Expands European Footprint In Scotland
-- Hotels, 11/19/2009 10:58:00 AM
PRESS RELEASR
Singapore, November 19, 2009:- Frasers Hospitality Pte Ltd today officially opened Fraser Suites Edinburgh, its second property in Scotland and its twelfth in Europe.
Superbly located in St Giles Street, just off the city’s famous Royal Mile, this inner-city property combines the fully-restored historic façade of a 130-year-old building with contemporary interiors and services in 75 luxury suites. Original features of this Grade B listed building including high ceilings and ornate cornicing, blend comfortably with understated elegance, allowing guests to take a step back into history.
“The experience of developing Fraser Suites Edinburgh has given us valuable insights into the potential of bringing these historical buildings back to life for a whole new generation of business and leisure travellers. They have an experiential appeal that sets them apart, but at the same time, provide all the modern conveniences that discerning travellers have come to expect.” said Mr Choe Peng Sum, Chief Executive Officer, Frasers Hospitality Pte Ltd.
Frasers first marked its presence in Europe with the opening of Fraser Suites Kensington in 2007. Today, it owns and manages eight properties in key locations in London, two in Paris,
including one on the Champs Elysees, as well as Fraser Suites Glasgow.
The opening today of the Fraser Suites Edinburgh capped a record growth year for the company. Frasers has stayed firmly on course throughout the year, opening 740 individual serviced residences in six countries worldwide.
The company looks set to achieve another record year in 2010, including a debut in new markets such as India and Budapest and the opening of properties in the existing markets of Japan and China.
Currently, Frasers Hospitality’s global footprint extends across North Asia, Southeast Asia, Europe, the Middle East and Australia to close to 5,000 individual residences.
And with another 5,655 residences already on the drawing board, the company is on course to
manage more than 10,600 residences by the end of 2012.
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