Frasers opens second Jakarta property

George Sell By George Sell
13 November 2014 | Updated 30 January 2017

Indonesia: Frasers Hospitality has opened its second property in Jakarta, the 128-unit Fraser Residence Menteng.

Frasers plans to grow its footprint in Indonesia with the opening of another six properties in Jakarta by 2017, taking its inventory in the country to more than 1,700 units.

Frasers Hospitality chief executive Choe Peng Sum said: "We are very bullish on Indonesia. The Indonesian government forecasts GDP to grow 5.6 per cent in 2015. With its strong growth - GDP is projected to grow annually at 3.07 per cent until 2030 - and arrivals growing at about ten per cent each year, the country offers great potential for our Fraser brands which target professionals, managers and executives travelling on medium-term work projects."

"Our first property, Fraser Residence Sudirman Jakarta, opened in 2011 and has enjoyed occupancy exceeding 90 per cent," continued Choe. "We believe the Fraser Residence blend of comfort and security makes it ideal for business travellers who want a private sanctuary in the heart of the city."

Located in the heart of Jakarta's business district, Fraser Residence Menteng features round-the-clock security, a fitness centre, indoor spa, steam and sauna, lap pool, jet and wading pool.

www.frasershospitality.com

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