HAVING just opened its second property, the 128-unit Fraser Residence Menteng, in Jakarta, Frasers Hospitality is planning six more in the Indonesian capital by 2017.
Properties outside Jakarta are also in the pipeline. In total, Frasers will have an inventory of 10 properties and over 1,700 serviced units in Indonesia within the next three years.
Frasers Hospitality CEO, Choe Peng Sum, said: “We are very bullish on Indonesia. With its strong growth – GDP is projected to grow annually at 3.1 per cent until 2030 – and arrivals growing at about 10 per cent each year, the country offers great potential for our Fraser brands.
“Our first property, Fraser Residence Sudirman Jakarta, opened in 2011 and has enjoyed occupancy exceeding 90 per cent.”
Located at Menteng Raya in Central Jakarta, close to Thamrin, the city’s main business district, Fraser Residence Menteng offers round-the-clock security; a fitness centre; an indoor spa; a steam and sauna room; lap, jet and wading pools; a games room; an indoor children’s playroom as well as a residents’ lounge and library.
Meeting facilities, business services and complimentary Wi-Fi throughout the property are also available.
