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Frasers Property Management launches Sydney CBD hotel suites at market rents

May 5, 2020 Hotel News No Comments Email Email

Locals can now live at Fraser Suites Sydney, the most awarded serviced apartment property in Australia, for a weekly rent comparable to a conventional CBD apartment, but without the commitment of a long-term lease.The opportunity comes as Frasers Property Management announces the addition of a collection of stylish urban hotel rooms, including Fraser Suites Sydney, to its national portfolio of residential properties for rent, available under flexible rental terms from 3–12 months.

Frasers Property Management, the residential property management arm of Frasers Property Australia, has partnered with Frasers Hospitality Australia to make its range of quality CBD hotel rooms available to the residential rental market at conventional market rates, with an unprecedented level of flexibility.

It’s an innovative collaboration between our Australian hospitality and residential arms of the multi-national Frasers Property business, and a thoughtful response to the collapse in demand for conventional hotel rooms due to COVID-19.

Frasers Hospitality has sensibly pivoted its luxury serviced-apartment offering to now provide affordable, unserviced, short-term lease options at rates that are highly competitive with the conventional rental market and have the additional advantage of flexibility in the lease term – highly desirable in the current unsettled housing market.

“These short-term, super-flexible, fully-furnished apartments are ideal for anyone experiencing housing uncertainty, or who needs quality self-contained accommodation but prefers not to commit to a long-term lease,” says Richard Kemp, National Property Manager for Frasers Property Management.

“We’re fielding enquiries from people temporarily downsizing due to changed economic circumstances, and from people with short-term needs who want more security and certainty than informal Airbnb-style options,” he adds.

At Fraser Suites Sydney, located at 488 Kent Street in Sydney’s CBD, people can choose from luxury onebedroom apartments from $600 per week and two-bedroom apartments from $900 per week, all fullyfurnished and self-contained with separate bedrooms, full-sized kitchens and internal laundries, and – typical of Frasers Hospitality’s approach – with windows that open and, in selected apartments, balconies.

Utilities and high-speed WiFi are included in the rent and there is a 24-hour concierge. Parking is available at an additional cost of $100 per week.

In addition to Fraser Suites Sydney, the flexible short-term stays are available at Fraser Place Melbourne, Fraser Suites Perth and Capri by Fraser Brisbane.

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