Published:
Frasers Centrepoint expands hospitality business in second-tier mainland cities
It had added 10 more serviced residences.
Frasers Hospitality has expanded its foothold in China by adding ten more serviced residences in seven second-tier cities. These properties are located in Tianjin, Nanchang, Hefei, Dalian, Kunming, Wuxi and Chengdu.
They involve the addition of more than 2,400 new apartment units, which will almost double Frasers Hospitality’s China portfolio, bringing it to 26 properties with more than 5,900 serviced apartment units in 14 key cities and second-tier cities.
This makes China one of the fastest-growing markets for Frasers Hospitality, which together with South Korea and Japan currently make up one-third of its total revenue.
Read Here
Advertise
Sign Up
