Frasers Hospitality Pte Ltd Set to Further Grow Capri by Fraser Brand

Frasers Hospitality Pte Ltd (Frasers), a premier leader inserviced residences, marked the Grand Opening of its first hotel residence Capri by Fraser, ChangiCity/Singapore yesterday with the unveiling of plans to take the Capri by Fraser brand into theglobal marketplace, following its successful brand launch in May 2012.

This includes the opening of two more Capri by Fraser properties this year, the 175-apartmentCapri by Fraser, Ho Chi Minh City in March 2013 and the 240-apartment Capri by Fraser, KualaLumpur in November 2013. The Group is also in the process of finalising plans for more Capri byFraser properties in Asia Pacific and Europe.

Created by Frasers to meet the evolving needs of e-generation business travellers, the newurban-inspired hotel residence brand concept Capri by Fraser, is attracting strong market interestwith its first property in Singapore enjoying a steady average occupancy of more than 80 percent since it soft opened in September 2012.

Bolstered by its strategic location in one of Singapore’s robust business districts, within closeproximity to the Singapore EXPO Convention and Exhibition Centre, Capri by Fraser, ChangiCity/Singapore has been attracting strong corporate and MICE clientele from surroundingcompanies ranging from financial, logistics, information technology, telecommunication, FMCG toairline industries. Stays have averaged between three to five nights, with long stay bookings ofover several weeks. Capri by Fraser Changi City/Singapore also scored an early coup of becomingthe official hotel of the inaugural Korean Ladies Professional Golf Association (KLPGA)tournament in Singapore, within only two months of its soft opening.

Speaking at the Grand Opening of Capri by Fraser, Changi City/Singapore, Mr Choe Peng Sum,Chief Executive Officer of Frasers Hospitality Pte Ltd, said: “The positive international responsethat Capri by Fraser has generated within a relatively short span of time is a strong indication thatthere is a demand for a hotel residence brand that is well positioned to meet the 24x7 work-lifebalance needs of the rapidly growing e-generation market sector. We are very excited with thisresponse and it is very much our plan to explore the growth potential of this brandinternationally throughout Asia and beyond.”

The Capri by Fraser hotel residence concept cuts through the conformity of typical hotels byoffering residents an extensive range of facilities and customisable services together with thecomfort and convenience of a full serviced residence. E-efficiencies such as iPad-activated checkins,e-Concierge and e-Print facilities are available to complement the always-on lifestyles ofbusiness travellers. Seamless complimentary high-speed Wi Fi Internet connectivity is providedto help residents stay constantly connected throughout the property – in the rooms and allpublic spaces.
In line with its high-tech vibe, meeting and conference facilities are equipped with the latestaudio-visual capabilities including interactive touch-screen panels and integrated whiteboardprojectorfeatures. A choice of food and beverage and leisure options, complemented by fullyequippedkitchenettes and Spin & Play integrated launderettes, provide residents with theflexibility to choose how they want to work, stay and play.

Capri by Fraser, Changi City/Singapore is part of the Changi City integrated development consistingof the retail mall, Changi City Point and business tower, ONE@Changi City jointly developed byFrasers Centrepoint and Ascendas.

Frasers Hospitality Pte Ltd’s current portfolio, including those in the pipeline, stands at 76properties in 41 key gateway cities and more than 12,300 apartments worldwide.