Atlantis Resorts will name Paul Baker as its new president, according to an internal memo obtained by Skift that was written by Philippe Zuber, the CEO of Kerzner International, the operator of the Atlantis brand.
16.07.2024 - 08:05 / breakingtravelnews.com
Frasers Hospitality, a strategic business unit of Frasers Property, is fortifying its international expansion through collaborations with capital partners and third-party hotel operators that complement its operational excellence within the extended stay segment. This business transformation strengthens the position of Frasers Hospitality as an investor and operator of choice within the long-stay lodging segment.
Over the past 18 months, on top of its ongoing focus of opening new properties in key gateway locations, Frasers Hospitality acquired its inaugural premium rental apartment assets in Shenzhen, China and Osaka, Japan, respectively, together with joint venture partners.
In addition, as an extension of its current extended-stay portfolio offering, Frasers Hospitality is partnering with YOTEL to launch the brand’s first YOTEL property in Japan in early 2025. The site was acquired and developed by Frasers Hospitality, and is strategically located within walking distance to Tokyo Station, at the city’s most popular dining and shopping enclave.
“In response to growing demand across different hospitality segments, Frasers Hospitality has been evolving to reinforce our position as a partner of choice. Given our renowned hospitality excellence, the move to strengthen our investment capabilities to complement our management expertise will fuel our future expansion,” said Ms. Eu Chin Fen, Chief Executive Officer of Frasers Hospitality.
“Our recent partnership with YOTEL in Japan and joint ventures formed in China and Japan exemplify our ability to forge strong alliances with industry leaders. Concurrently, we continue to deepen our presence in existing cities with more properties slated to open in the next few years, including Fraser Residence Taipei that we announced last month.”
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Frasers Hospitality opened three new properties in Bahrain, Chengdu and Shanghai in the first half of 2024. An additional nine properties are scheduled to open in the next two years across China and Vietnam.
Recent openings by Frasers Hospitality include:
Modena by Fraser Nansha Guangzhou
Modena by Fraser Nansha Guangzhou sits within Unipark Nansha, a lifestyle destination offering a myriad of shopping, dining and entertainment options, as well as convenient access to five national railways, four inter-city tracks, and five subway lines.
Launched on 1 July 2024, the property features 150 fully furnished studios and one- to two- bedroom suites each equipped with a kitchenette perfect for families and couples. Complementing the stay experience are facilities such as an all-day dining restaurant, meeting rooms, recreation lounge, fitness centre, and yoga room.
Fraser Place Wujiaochang Shanghai
Opened on 15 June
Atlantis Resorts will name Paul Baker as its new president, according to an internal memo obtained by Skift that was written by Philippe Zuber, the CEO of Kerzner International, the operator of the Atlantis brand.
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Jul 18, 2024 • 6 min read
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