News & Media

Short-term leases at Frasers Hospitality suites

COVID 19  |  Residential  |  News  |  27 April 2020
Richard Kemp, Frasers Property Australia
Announcement
Richard Kemp
Fraser Suites bedroom

Self-contained hotel suites at market rents, for flexible short-term stays from 3-12 months

Frasers Property Management is announcing the addition of a collection of stylish urban hotel rooms to its national portfolio of residential properties for rent, available under flexible rental terms from 3-12 months. 

Frasers Property Management, the residential property management arm of Frasers Property Australia, has partnered with Frasers Hospitality to make their range of luxury CBD hotel rooms available to the residential rental market at conventional market rates, with an unprecedented level of flexibility.

It’s an innovative collaboration between the Australian hospitality and residential arms of the global Frasers Property business, and a nimble response to the collapse in demand for conventional hotel offerings in a COVID-19 context.

Frasers Hospitality has sensibly pivoted its luxury serviced-apartment offering to now provide affordable, un-serviced, short-term lease options, priced from $600 per week in Sydney, $310 per week in Brisbane, $325 per week in Melbourne and $450 per week in Perth. These rates are highly competitive with the conventional rental market and have the additional advantage of flexibility – highly desirable in the current unsettled housing market.

“These short-term, super-flexible, fully-furnished apartments are ideal for anyone experiencing housing uncertainty, or who needs quality self-contained accommodation but prefers not to commit to a long-term lease,” said Richard Kemp, National Property Manager for Frasers Property Management.

“We’re fielding enquiries from people temporarily downsizing due to changed economic circumstances, and from people with short-term needs who want more security and certainty than the informal AirBnb-style options,” he added.

Available at Fraser Suites Sydney, Fraser Place Melbourne, Fraser Suites Perth and Capri by Fraser Brisbane, Choose from one and two bedroom apartments, fully furnished and self-contained with separate bedrooms, and most with full-sized kitchens, internal laundries, operable windows for fresh air and some with balconies to stretch out in. All four properties are centrally located in CBD or CBD-fringe locations, and parking is generally available at an additional cost.

Lease terms are flexible, from 3-12 months, which is an unprecedented level of flexibility for quality accommodation of this kind and price. Residents signing 3 month+ leases receive 1 week free.

Frasers Hospitality is uniquely positioned to undertake this shift in approach due to the close collaboration between with the global real estate Group’s residential, property management and hospitality teams in Australia. Enquiries are being serviced by Frasers Property Management, with leases of 3 months or more signed under their license, and Frasers Hospitality applying their well-practiced corporate long-stay model for shorter terms. 

More information can be found here.

Richard Kemp, Frasers Property Australia
Announcement
Richard Kemp