Frasers Hospitality to manage serviced residence in Osaka

Frasers Hospitality has signed a new serviced residence in Osaka. The Fraser Residence Osaka is scheduled to welcome its first guests in autumn 2010.

To the already existing 175 apartments in Fraser Place Shinjuku East Tower and another 209 apartments in Fraser Place West Tower, Frasers Hospitality will augment its stake in Japan with an additional 115 apartments at the Fraser Residence Osaka. The total of 499 apartments available over the next two years will make the company one of the largest international serviced residence operators in Japan.

“After expanding into Fraser Place Shinjuku, East and West Towers in Tokyo, Osaka is a natural next step for the company as we further expand our presence in and beyond Japan. Osaka is another major gateway city in Japan and a key cultural gateway to the Kansai region, which includes the cities of Kobe and Kyoto,” said Choe Peng Sum, CEO of Frasers Hospitality Pte Ltd.

Frasers Hospitality is partnering Nankai Urban Development Co, a wholly-owned subsidiary of Nankai Electric Railway Co in the development of this new property.

Fraser Residence Osaka is being built as a sustainable property with eco-friendly facilities. The new serviced residence will utilize energy-saving and environmentally-friendly technologies for better insulation and energy management.

Fraser Residence Osaka will feature 115 contemporary and stylish studios, one-bedroom and two-bedroom apartments that will have state-of-the-art WiFi connectivity, full health and wellness facilities, residents’ cafe and business center services.

Similar to Fraser Place Shinjuku East Tower and Fraser Place Shinjuku West Tower, Fraser Residence Osaka is strategically located in close proximity to key business, leisure and transportation hubs of this bustling city. Fraser Residence Osaka is situated adjacent to Namba Station, which has convenient direct access to Kansai International Airport, and is in the vicinity of commercial complexes such as Namba Parks as well as the popular Dōtonbori Street where countless gourmet restaurants, shopping and theaters reside.