Full Report - Fraser and Neave Limited

OPERATING AND FINANCIAL REVIEW: PROPERTIES
In the year under review, four properties in Seoul, Paris,
Shenzhen and Bangkok, commenced management under
Frasers Hospitality while six management contracts in the
Middle East, Nanjing, Tokyo and Shanghai and two in
Bangkok were secured. Frasers Hospitality also managed
to secure two Memorandums of Understanding to manage
residences in Hong Kong and India. More recently in
November, the luxury Fraser Suites Sydney located in heart
of the Sydney’s business, shopping and entertainment hub
opened its doors to guests.
Investment Properties: Fraser Suites Top Glory Shanghai, China
44 Fraser and Neave, Limited Annual Report 2006
Frasers Hospitality continued to expand and strengthen its
global footprint. In the span of a year, it expanded into
the Middle East and Japan and enlarged its presence in
Australia, China and Thailand. Eight new developments
– in Bahrain, Bangkok, Dubai, Nanjing, Shanghai, Tokyo,
London and Singapore, will be ready in 2007 and 2008.
When completed, these developments will continue Frasers
Hospitality’s tradition of offering premium services and
excellent facilities.
With the progressive opening of new properties in the current
year, the number of units under management is expected to
rise to about 2,800 by September 2007.