Frasers launches 2nd property in Scotland

Fraser Suites Edinburgh is its 12th project in Europe

Frasers Hospitality said yesterday it has launched Fraser Suites Edinburgh, its second property in Scotland and 12th in Europe.

The inner-city property, which has 75 suites, is in St Giles Street, just off Edinburgh’s famous Royal Mile.

The project features a restored 130-year-old facade plus contemporary interiors and services. Some original features retained in the Grade B-listed building include high ceilings and ornate cornices.

Frasers Hospitality’s chief executive Choe Peng Sum said: ‘The experience of developing Fraser Suites Edinburgh has given us valuable insights into the potential of bringing historic buildings back to life for a whole new generation of business and leisure travellers.’

A Frasers statement yesterday said the opening of its latest project caps a record growth year. So far this year, the group has opened 740 individual serviced residences in six countries.

Frasers’ first project in Europe was Fraser Suites Kensington which opened in 2007. Today, it owns and manages eight properties in key locations in London, two in Paris, including one on the Champs Elysees, as well as Fraser Suites Glasgow.

For 2010, Frasers said it expects to achieve another record year, including debuts in new markets such as India and Budapest and the opening of new properties in the existing markets of Japan and China.

Frasers’ global footprint currently extends across North Asia, Southeast Asia, Europe, the Middle East and Australia. Another 5,655 residences are on the drawing board and the company expects to have more than 10,600 residences in its portfolio by end-2012.

Source: Business Times, 19 Nov 2009