SINGAPORE (Feb 6): Frasers Hospitality, a member of Frasers Property Group, is investing $250 million to develop a new serviced residence in Tokyo’s Ginza district.

The property will be launched under the group’s Capri by Fraser brand and is expected to open around 2020.

The millennial-focused hotel residence, Capri by Fraser, will have close to 200 rooms and will be equipped with meeting and conference facilities with the latest audio-visual capabilities, 24-hour gymnasium, all-day dining restaurant and bar, as well as communal areas.

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