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Frasers Hospitality First to Market in Nanjing
28 Aug 2006 - Nanjing, China

Frasers Hospitality First to Market in Nanjing

Frasers Hospitality and Yanlord Investment secures first in market advantage with premier serviced residence, Fraser Suites Nanjing

Singapore, 28 August 2006 - Frasers Hospitality (Frasers), an international serviced residence management company with premier residences in major gateway cities worldwide, today announced the signing of a management contract with Yanlord Investment (Nanjing) Co. Ltd (Yanlord). This agreement seals Fraser Suites Nanjing as the economically vibrant Chinese city's first internationally branded serviced residence.

“Nanjing's Jiangsu Province is recognised as the second largest provincial contributor to the burgeoning Chinese economy, where according to recent studies, its GDP growth in 2005 increased by 14.5%. With several multi-billion dollar investment projects announced for Nanjing, we can expect the inflow of foreign investments and talents to increase, propelling the demand for extended stay accommodation,Esaid Mr Choe Peng Sum, Frasers' Chief Operating Officer.

He added, “In extending our presence here in China, Nanjing city is increasingly significant as a destination for businesses, investors and many of our corporate clients. It is indeed an honour to manage Nanjing's first internationally branded serviced residence. We believe that the Frasers brand reputation for quality and our expertise in personalised and intuitive services will set Fraser Suites Nanjing as a preferred choice for extended stay business travellers.E

Commenting on the business alliance with Frasers, YanLord's Chairman and Chief Executive Officer, Mr Zhong Sheng Jian said, “Frasers is a well-established brand name that has an excellent reputation for delivering high quality service and strong occupancy. Frasers' existing experience in China, coupled with their international sales and marketing network, provides us with a high level of confidence.E

He further commented, “Continued economic growth is expected in the Jiangsu Province, fuelled primarily by incentives to bring international experts to Nanjing and moves by multinational companies (MNCs) to increase the number of expatriates they are posting to China. We believe that there is a strong and growing demand for internationally branded service residences in Nanjing, as indicated by 45.6% increase in Foreign Direct Investment (a leading indicator of demand for serviced residences) in Nanjing between 2002 and 2004, according to the Colliers International Report 2005.E

Fraser Suites Nanjing is strategically situated in the heart of Nanjing's new Central Business District and within sight of Nanjing's newly proposed “Olympic standardEstadium. It is ideally located especially for residents who enjoy international sports events, concerts and performances. Commuting from the residence is convenient, being a short walk from the upcoming MRT network. Major highways are also easily accessible from the residence.

The design of Fraser Suites Nanjing is family friendly and specifically tailored to meet the needs of extended stay travellers and their families. From cosy one-bedroom apartments to positively cavernous three-bedroom apartments, generous living space is sure to set Fraser Suites Nanjing apart. The 210 well-appointed apartments are fitted with modern furnishings and equipments, such as home entertainment systems, LCD TVs and a fully-equipped kitchen, making it a true home. Broadband access, allowing for easy ‘work from home' connectivity, is available in all the apartments.

In addition to spacious apartments, residents can also enjoy over 6,000sqm of recreational facilities, ranging from an indoor Olympic-size swimming pool to Children's Playroom, cafés and restaurants. The Retreat, Frasers' award-winning meeting facility for meetings and intimate conferences, incorporating resort-styled boardrooms, is another feature. Fraser Suites Nanjing offers a collection of innovative, residents-centred services such as the Fraser Friends programme, Fraser Kids' Club where regular recreational trips and fun-filled activities are organised for children, Fraser Care and the likes. Affectionately known as the Fraser Difference, these unique brand offerings are the favourites of Frasers' residents worldwide.

The property for Fraser Suites Nanjing is owned by Yanlord, a leader in the Nanjing real estate industry. Yanlord also enjoys a strong presence throughout China with its wide portfolio of high profile commercial and residential developments. Established in 1993, Yanlord has projects in the key cities like Shanghai, Nanjing, Chengdu, Tianjin, Zhuhai, Suzhou and Guiyang.