Frasers Hospitality Pte Ltd launches the first Gold-Standard Serviced Residence in Osaka
23 Jul 2008 - Singapore
New Fraser Residence Osaka to add 115 premier serviced residences to Frasers Hospitality’s Japan portfolio by autumn 2010
SINGAPORE, 23 July 2008 – Powering forward in Japan, Frasers Hospitality Pte Ltd is the first international serviced residence to open its doors in Osaka, which will welcome its first guest in autumn 2010. Global serviced residence owner and management company Frasers Hospitality Pte Ltd is aggressively pursuing its recently announced Asia Pacific expansion plans to deliver Gold-Standard serviced residences in Japan as well as the rest of Asia.
Frasers Hospitality is the hospitality arm of Singapore-based property group, Frasers Centrepoint Limited. The company will augment its stake in Japan with an additional 115 apartments in Fraser Residence Osaka to its already existing 175 apartments in Fraser Place Shinjuku East Tower and another 209 apartments in Fraser Place West Tower. The total of 499 apartments available over the next two years will make the company one of the largest international serviced residence operators in Japan.
“After expanding into Fraser Place Shinjuku, East and West Towers in Tokyo, Osaka is a natural next step for the company as we further expand our presence in and beyond Japan. Osaka is another major gateway city in Japan and a key cultural gateway to the Kansai region, which includes the cities of Kobe and Kyoto,” said Mr. Choe Peng Sum, CEO of Frasers Hospitality Pte Ltd.
Mr Choe continued, “Japan is a very important market and one of the industrial and economic leaders in the Asia Pacific region. We recognise the growing need for top quality serviced residences for expatriates and local corporate travellers in Japan.”
Frasers Hospitality is partnering Nankai Urban Development Co. Ltd., a wholly-owned subsidiary of Nankai Electric Railway Co. Ltd. in the development of this new property.
“We are excited to be partnering Frasers Hospitality and expect this new development to enhance the value of the Namba area with its premium international brand of serviced residences,” said Mr Makoto Yamanaka, CEO of Nankai Electric Railway Co. Ltd. “With Frasers Hospitality’s strong branding and marketing expertise, excellent track record and international distribution network, we are proud to be associated with such a brand.”
Mr Choe added, “We are very honoured to be able to partner Nankai Urban Development as it has such a strong and reputable presence in Japan. Our synergistic partnership will propel our brands to further heights.”
Fraser Residence Osaka
Fraser Residence Osaka is built as a sustainable property with eco-friendly facilities. The new serviced residence will utilise energy-saving and environmentally-friendly technologies for better insulation and energy management.
Fraser Residence Osaka boasts of 115 contemporary and stylish studios, one-bedroom and two-bedroom apartments that will have state-of-the-art WIFI connectivity, full health and wellness facilities, residents’ cafe and business centre services.
Similar to Fraser Place Shinjuku East Tower and Fraser Place Shinjuku West Tower, Fraser Residence Osaka is strategically located in close proximity to key business, leisure and transportation hubs of this bustling city. Fraser Residence Osaka is situated adjacent to Namba Station, which has convenient direct access to Kansai International Airport, and is in the vicinity of commercial complexes such as Namba Parks as well as the popular Dōtonbori Street where countless gourmet restaurants, shopping and theatres reside. Fraser Residence Osaka is conveniently located to offer guests a unique blend of exciting activities for both work and play.
The city of Osaka has established itself as a centre for medical, chemical and metal industries within Japan. Fraser Residence Osaka targets to meet the demand of globally renowned Japanese conglomerates such as Sharp and Sumitomo which are headquartered in Osaka as well multinational corporations with mid to long term accommodation needs.