HOTELS and serviced residences owner Frasers Hospitality Group is on the move to ramp up its presence in Indonesia with the addition of its ninth property in Jakarta.
The hospitality arm of Frasers Centrepoint said on Tuesday it would launch this year Frasers Suites Kuningan, which is part of the prestigious Ciputra World 2 Jakarta – an iconic mixed-use development in the heart of Jakarta’s Golden Triangle.
The 210-unit serviced residence is the latest addition to the group and meant that it is on track to meet its target of exceeding 1,500 units in the Indonesian capital by 2019.
In 2011, the group began operations in Jakarta with the opening of Fraser Residence Sudirman, followed by Fraser Residence Menteng in 2014 and Fraser Place Setiabudi in 2016. These properties have recorded steady occupancy rates of more than 75 per cent.