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Frasers Hospitality Strengthens Foothold in Southeast Asia’s Largest Economy, Indonesia

February 1, 2017 Serviced Apartments No Comments Email Email

In line with plans to anchor its presence in Indonesia, the largest economy in Southeast Asia[2], Frasers Hospitality Group, will be launching Fraser Suites Kuningan in 2017. This will be the group’s fourth property launched in Indonesia, with another five in the pipeline, bringing its Jakarta portfolio to a total of nine by 2019.

Fraser Suites Kuningan is part of the prestigious Ciputra World 2 Jakarta, an iconic mixed-use development in the heart of Jakarta’s Golden Triangle. The luxurious 210-unit serviced residence is the newest addition to Frasers Hospitality Group’s growing footprint in the Indonesian capital, putting Frasers Hospitality Group on track to meet its target of exceeding 1,500 units in Jakarta by 2019.

The group commenced operations in Jakarta with the opening of Fraser Residence Sudirman in 2011. This was followed by the recent openings of Fraser Residence Menteng in 2014 and Fraser Place Setiabudi in 2016, all of which have all been enjoying steady occupancy rates exceeding 75%.

Affirming its leading position in the country, Frasers Hospitality Group was recently named ‘Indonesia’s Leading Serviced Apartment Brand 2016’ by the Indonesia Travel Tourism Industry. The opening of Fraser Suites Kuningan reinforces the group’s commitment to, and confidence in, Indonesia’s long-term growth potential.

Mr Choe Peng Sum, Chief Executive Officer of Frasers Hospitality Group, said: “Frasers Hospitality has established a strong foothold in Jakarta and as it continues to grow as the main hub and corporate headquarters for Indonesian and multinational corporations, we plan to strengthen our leadership position in the year ahead.  It remains a key market for our strategic expansion plans in Southeast Asia as we cater to a rising demand for quality accommodation by corporate and leisure travellers.”

“With a strong estimated growth rate of 5.3% for 2017[3] for Indonesia we will also look to further expand across key regions and secondary cities in the country such as Bali, Bandung, Medan, Surabaya and Yogyakarta.”

Situated within Ciputra World 2 Jakarta, a distinctive new Jakarta landmark designed by award-winning SCDA Architects, Fraser Suites Kuningan is a Gold-Standard serviced residence standing at 31 floors.  Situated in the vibrant Jalan Profesor Dokter Satrio area, an emerging financial, shopping and art district, it offers easy access to the Mega Kuningan Business District and is also in close proximity to major developments including Ciputra World, ITC Kuningan and Kuningan City.

Fraser Suites Kuningan offers a diverse selection of studio, one, two and three-bedroom serviced apartments which cater to the growing demand for both short and long-term stays of business and leisure travellers. Residents will be able to enjoy a wide range of business and lifestyle amenities, including state-of-the-art meeting and conference facilities, a 24-hour private lobby, spa facilities, a swimming pool, a tennis court, a private library, a bar and a lounge.

Frasers Hospitality Group’s global portfolio, including those in the pipeline, stands at 140 properties[4] in more than 80 cities and 23,400 keys worldwide.

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