Frasers Hospitality opens the second property in Hanoi

After the opening of 186-serviced apartment Fraser Suites Hanoi in 2009, Frasers Hospitality, a member of Frasers Property Group, announced that it will launch a new property in Hanoi in 2020, bringing its total inventory in this capital to over 670 uits. Situated opposite the lush green Hoa Binh Park and within proximity of specially zoned high-end residential areas such as Ciputra Hanoi International City and the new diplomatic precinct, the 216-unit Fraser Residence Hanoi is scheduled to open in the next 2 years.

Frasers Hospitality will also add a new 96-unit wing to Fraser Suites Hanoi in the heart of the scenic West Lake district. All new serviced apartments in this wing feature fully furnished units from studios to penthouses and a wide range of facilities and amenities, including a 24-hour gym, business meeting facilities and a landscaped resort-style pool.

In recent years, Vietnam has seen a strong growth of the tourism market with an increase of nearly 20% on year-on-year basis. This country is also undergoing an economic transformation with huge investment inflows from foreign companies, corporations and funds. Those momentum are driving the need for serviced apartments, especially in key cities.