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Frasers Hospitality opens New Serviced Residences in Shanghai

Travel News Asia Latest Travel News Podcasts Thursday, 30 October 2008

Frasers Hospitality, the hospitality arm of property group Frasers Centrepoint Limited, has opened a gold-standard serviced residence located at the heart of Shanghais central business district.

The five-tower Fraser Suites Top Glory, Shanghai with 317 luxuriously-furnished serviced residences is situated in the bustling Lujiazui CBD, with a commanding view of the citys celebrated Bund. It is owned by COFCO, one of Chinas most widely-diversified conglomerates and listed among Fortune Magazines Global 500 Companies.

Fraser Suites Top Glory, Shanghai is the eighth property under the Fraser brand in China; with another five to be opened by 2010.

In spite of the global economic issues, we are still extremely bullish about China, said Mr Choe Peng Sum, CEO of Frasers Hospitality. In fact, earlier we had announced 12 China properties by 2010 but as of now it is 13 and we are still signing on more properties.

China is simply the worlds largest growth engine. The tremendous growth of economies like China and India is an internal support base for the rest of the Asian economies, and a buffer from the full impact of the economic malaise sweeping the world.

Shanghai is the industrial, financial, and commercial centre of China. It has a population of some 17.5 million, not including up to three million visitors who are in the city on any given day.

Fraser Suites Top Glory, Shanghai provides five-star luxury and service and combines this with the space of an apartment, offering spacious two, three and four-bedroom apartments and penthouses. Every apartment comes with living room, dining room and a fully-equipped kitchen and a comprehensive home entertainment system, broadband Internet access with full security including keycard access for elevators and in-room electronic safe. Every apartment is fitted with a clothes washer and dryer.

In addition, residents can enjoy a full range of facilities, including tennis courts, business centre, outdoor and indoor heated swimming pools, spa and fitness club complete with aerobics room, steam and sauna, an integrated caf and lounge, library, games room, childrens playground and indoor playroom.

See other recent news regarding: Travel News AsiaPromotions, New Hotels, Shanghai, Fraser Suites, Residences, Apartmemts

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