Frasers Hospitality

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Frasers Hospitality
Subsidiary
Traded asSGX: ACV
IndustryHospitality
Founded1998; 23 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

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

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

References

  1. "About Us | Frasers Hospitality". www.frasershospitality.com. Retrieved 2020-09-28.
  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.
  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.
  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.
  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.
  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

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