Frasers Hospitality expands in Europe

Frasers Hospitality, the hospitality arm of Frasers Centrepoint, is expanding into two new European markets as part of its aggressive growth plans.

The global hospitality operator has launched its first property in the city of Frankfurt - the 153-unit Capri by Fraser, Frankfurt, which joins six other properties under the company's Capri brand of hotel residences.

It had also earlier opened a 97-unit Capri by Fraser, Barcelona in Spain.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

The group announced in a statement that it will open a similar property in Berlin, Germany as well, which is expected to be completed by 2017. And plans for more projects are under way.

The Europe launch will precede the addition of another 10 Capri by Fraser properties in Asia-Pacific over the next four years. This is set to bump up the group's total number of Capri by Fraser hotel residences to 17, with more than 3,500 units, including those in the pipeline.

Suggested Articles

The Dallas-based company has added six Caribbean resorts to its portfolio. 

Hotels in Brazil recorded 4.7 percent RevPAR growth in 2018 after three years of decline and the signs are positive for at least the next year.

The Holiday Inn Dehradun Mussoorie Diversion Road is slated to open in 2023.