Wednesday, 9 May 2012

Frasers Hospitality to manage First Hotel Residence

KUALA LUMPUR (May 9): UOA Development Bhd has engaged Frasers Hospitality Pte Ltd to manage ten premium floors of its 34-storey Camellia Services Suites in Bangsar South.

The 34-storey development in Bangsar South, UOA's flagship mixed use development, will comprise 720 units with an estimated gross development value of RM500 million and is due to be completed by mid-2013.

In a statement Wednesday, UOA Development chief operating officer David Khor said the collaboration was a testament to its strong relationship with Frasers that was built upon mutual trust and admiration for our respective business practices and company cultures.

“It also serves as an ideal platform for both companies to work in synergy by leveraging on each other’s strong brand reputation and expertise to meet the increasing demand for quality hotel residences,” he said.

UOA Development said the ten premium floors comprising 240 units including two exclusive rooftop levels equipped for recreational and business activities would be managed by Frasers under a boutique hotel residence concept, Capri by Fraser.

A key feature of the hotel residence is its creative high-tech chilled out vibe, which will be reflected with its iPad activated check-ins that do away with formal paperwork and interactive e-concierge services to coordinate every aspect of the guest’s stay, from dinner reservations, spa treatments to transport arrangements, it said.

"The opening of the first Capri by Fraser in Malaysia is significant, not only because it further extends our presence in the country but also marks the launch of an exciting new hotel residence concept by Frasers, which reaffirms our confidence in the country’s strong growth potential,” added Fraser chief executive officer Choe Peng Sum.

“With an estimated 2.9 million business travellers projected to enter the country who will contribute US$1.2 billion (RM3.68 billion) in incremental Gross National Income (GNI) 1 by 2020, Malaysia is focused on becoming one of the top five meeting destinations in the Asia Pacific. We are confident that, with our partnership with UOA, we are well positioned to meet the anticipated burgeoning demand for good quality extended stay accommodation,” Choe added.

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