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Worldwide: Frasers Hospitality, the business unit of Frasers Property Limited, has unveiled a series of asset enhancement initiatives (AEIs) spanning four gateway cities.
The $140 million AEI programme will focus on assets located in Kuala Lumpur, London, Melbourne and Singapore.
In London, the former Park International Hotel – which has been closed since October 2025 – will be repositioned as Capri by Fraser, Kensington / London. When it reopens in February 2027 with an additional nine units, it will mark the global debut of a refreshed Capri by Fraser brand concept, focused on “curiosity, creativity and contemporary urban living”.
The transformation includes a full-scale refurbishment alongside a complete mechanical, electrical and plumbing (MEP) overhaul to enhance its environmental performance and elevate its BREEAM sustainability rating.
Scheduled for phased completion by June 2027, Novotel Melbourne will undergo a refurbishment that will see the addition of 72 keys through resizing select room categories.
The Westin Kuala Lumpur, expected to complete by July 2027, will undergo a phased refurbishment of guest rooms, lobby and all-day dining venues, alongside a full MEP upgrade.
Formerly the InterContinental Singapore, the property rebranded to Frasers House, a Luxury Collection Hotel in January this year. It is currently undergoing a phased refurbishment across guest rooms, the lobby, and F&B venues, scheduled for completion by December 2027. The hotel will remain operational throughout.
Jason Leong, head of investment and asset management at Frasers Hospitality, said: “Our asset enhancement strategy reflects disciplined capital stewardship and long-term conviction in gateway cities with strong underlying fundamentals. We actively curate and reposition our portfolio to capture evolving demand patterns, strengthen rate positioning and enhance operating leverage. This demonstrates our confidence in key urban markets and ability to build a more resilient, future-ready portfolio capable of delivering enduring value across cycles.”
Frasers’ asset enhancement strategy is supported by its vertically integrated real estate platform spanning asset management, design, development and operations.
Highlights:
- Frasers Hospitality is investing $140 million in a global asset enhancement programme across assets in London, Melbourne, Kuala Lumpur and Singapore.
- Capri by Fraser Kensington will reopen in February 2027 after a full refurbishment and sustainability upgrade, adding nine new units and debuting a refreshed Capri by Fraser brand concept.
- Novotel Melbourne will add 72 rooms through a refurbishment scheduled for completion by June 2027.
- The Westin Kuala Lumpur will undergo a phased renovation of guest rooms, lobby and dining venues, with completion expected July 2027.
- Frasers House, a Luxury Collection Hotel is being refurbished following its rebrand from InterContinental Singapore, with upgrades to guestrooms, lobby and F&B spaces scheduled by December 2027.
