Frasers Hospitality has kicked off 2018 with a SGD 250 million
investment to develop a new serviced residence in Tokyo’s
prestigious Ginza district.
The property will be launched under
the group’s millennial-focused hotel residence brand Capri by
Fraser, and is scheduled to open around 2020.
Located in Tokyo’s well-known
retail and entertainment district of Ginza, the new Capri by
Fraser, Ginza / Japan is just a two-minute walk from the main
shopping street of Chuo-dori and a four-minute walk from the
Shimbashi Station, providing guests with a quick and convenient
route to the CBD just two stops away. It will also be close to the Shiodome City Center, which is home to the headquarters of
companies such as Fujitsu and All Nippon Airways.
When opened, Capri by Fraser, Ginza / Japan will complement Fraser
Suites Akasaka, which is scheduled to open in 2020. Designed by
the world-renowned Hirsch Bedner Associates, the latter will offer
luxurious studio and one-bedroom apartments at a central downtown
location, surrounded by Tokyo’s main transportation hubs and
“Tokyo is one of the world’s
leading cities and we expect a rise in visitors in the coming
years as it hosts prestigious global events such as the 2020
Summer Olympics,” said Mr Choe Peng Sum, Chief Executive Officer
of Frasers Hospitality. “Frasers Hospitality is no
stranger to the Japanese market. We opened Fraser Residence Nankai,
Osaka in 2010. The country continues to be a priority market for
us and we are looking to extend our footprint not just in Tokyo
but also other key cities in Japan.”
strong economic growth, Japan welcomed 26.2 million tourist
arrivals from January to November 2017, surpassing the total
number of visitors in 2016. Japan’s prospects to attract more
international travellers are promising, with the government aiming
to attract 40 million tourists by 2020.
Tokyo are doing extremely well, with occupancy rates exceeding 85%
during the first half of 2017. Even as we prepare for the launch
of Fraser Suites Akasaka in early 2020, we are particularly
excited to have secured such an exclusive location in Ginza and we
look forward to debuting our Capri by Fraser brand in Japan,” said Mr Choe.
Sitting on prime freehold land, Capri by Fraser, Ginza
/ Japan will have close to 200 rooms as well as stylish social
spaces designed to offer a seamless connectivity between work and
play. Whether it is relaxing with a few post-work drinks at the
lobby bar or refuelling with a hearty meal at Caprilicious, guests
have plenty of opportunities to mingle with others if they wish.
“While our focus on personalised service has not
changed, we are constantly innovating so that our brands cater to
a range of travellers, from the tech-savvy guest seeking a smart
design-led hotel residence to the guest who values the bigger
living space and amenities offered by a leading serviced
residence,” explained Mr Choe.
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