Frasers signs New Serviced Residence in Shanghai

Frasers Hospitality has signed a new property in Shanghai. The 23-storey Fraser Place Shanghai is adjacent to the famous Bund, and takes the total number of residences under Frasers’ portfolio in Shanghai alone to 1,271.

Together with their second brand, Modena, Frasers will manage a total number of 18 properties in China and further increase the company’s dominance in the China market. The company currently operates 4,171 apartments in nine major cities in China – in Beijing, Chengdu, Guangzhou, Hong Kong, Nanjing, Shanghai, Shenzhen, Suzhou and Tianjin.

Facilities at the Fraser Place Shanghai include a large state-of-the-art gymnasium, yoga and steam rooms, game rooms, pool table and an underground pool bathed in abundant natural sunlight.

The lobby will be dominated by a nine-metre coffee bar by day which transforms into a wine bar by night. Speciality teas will also be available at the tea lounge located on the mezzanine floor.

The 212-apartment property will also offer two, four- bedroom penthouses featuring private outdoor heated pools, landscaped patios, comprehensive gyms, Jacuzzi and steam rooms and even a customised kid’s playroom.

Fraser Place Shanghai is scheduled to open in June 2011 and, on completion, will give Frasers Hospitality a definitive presence in Shanghai’s key business and entertainment districts.

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