Frasers to open first Tokyo apartment building

George Sell By George Sell
24 June 2016 | Updated 24 June 2016

Japan: Frasers Hospitality Group is teaming up with developer Sekisui House to open Fraser Suites Tokyo.

Redeveloped from an existing four-storey commercial building, Fraser Suites Tokyo will be a 23-storey building comprising 223 apartments.

"Globally we aim to have a presence in major key gateway cities, and our entrance into Tokyo brings us one step closer to this goal. As the capital of Japan and one of the world's most bustling metropolis, Tokyo presents an exciting milestone for us. Fraser Suites Tokyo is a significant addition to our established presence in Japan, and we hope to continually increase our portfolio in central Japan", said Choe Peng Sum, chief executive officer of Frasers Hospitality Group.

Choe added: "We are very honoured to be able to partner Sekisui House in the collaboration of Fraser Suites Tokyo. This partnership represents an extension of the long-established relationship between FCL and Sekisui House. Sekisui House has a strong and reputable presence in Japan and we are very confident of this synergistic partnership. Tokyo has witnessed robust market growth over the years and will continue to set itself as a key tourism, cultural and economic hub. The premium product and offering of Fraser Suites Tokyo will further complement the vibrant business and leisure destinations within the locality. "

Located in the Minato-ku district, Fraser Suites Tokyo is in close proximity to prime commercial and residential developments, foreign embassies and the Prime Minister's official residence. Centrally positioned amid Tokyo's main transportations hubs, Akasaka station, Akasakamitsuke station and Aoyamaicchome station, it allows for quick and easy access around Tokyo and across cities.

Hirsch Bedner Associates have been appointed interior designers of Fraser Suites Tokyo. The interior design "will embody touches of sophistication and understated elegance with evident traditional Japanese accents highlighted throughout the property".

The studio and one-bedroom units will range from 35 to 60 square metres. Facilities provided will include a 24-hour gym, a golf simulator, an al fresco dining restaurant with beer garden and a 140 square metre conference and meeting facility.

"Japan is a very important market and one of the industrial and economic leaders in the Asia Pacific region. Fraser Suites Tokyo is slated to open in time for the 2020 Summer Olympics. Along with the government's plan to achieve its target of 40 million visitors by 2020 , we will expect to see a rise in room rates against the backdrop of increasing demand." said Choe.

www.frasershospitality.com

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