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Frasers moved into hospitality in the 1990s with the creation of the Fraser Place and Fraser Suites hotel and serviced residence brands. By 2002, it had properties in London, England, and Seoul, South Korea. [12] Other brands include Fraser Residence, Modena by Fraser (based in China), and Capri by Fraser (a serviced residence built for long ...
On 14 August 1984, Scotts Holdings opened The Ascott Singapore, the first international-class serviced residence in the Asia Pacific region. [2] The name “Ascott” was coined by Ameerali Jumabhoy to represent Scotts Road in Singapore [3] (where the first property was located at) and a nod to the famed British races at Ascot, due to the family's association with equestrian sports. [4]
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
Raffles Residences is a collection of private residential suites and apartments that are serviced by Raffles Hotels & Resorts and are usually connected to a Raffles-branded hotel. [49] There are currently three Raffles Residences with more scheduled to be completed in the next few years. [50]
The hotel group also operates serviced suites in both Pan Pacific and Parkroyal brands. In 2008, the brand launched its first extended-stay property with Pan Pacific Serviced Suites Orchard, Singapore. In 2010, it opened Pan Pacific Serviced Suites Bangkok and in 2013, Pan Pacific Serviced Suites Beach Road, Singapore, welcomed its first guests.
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An apartment hotel or aparthotel (also residential hotel, or extended-stay hotel) is a serviced apartment complex that uses a hotel-style booking system. It is similar to renting an apartment, but with no fixed contracts and occupants can "check out" whenever they wish, subject to the applicable minimum length of stay imposed by the company.
Other hotels owned by CDL include The St. Regis Singapore, [92] W Singapore Sentosa Cove, [93] JW Marriott hotel in South Beach [94] and Millennium Hilton Bangkok in Thailand. [95] CDL's office portfolio includes City House (which was its former headquarters before moving to Republic Plaza), [ 96 ] The Arcade, [ d ] Fuji Xerox Towers , [ e ...