FRHI launches new brand, Neqta

 
Old Jan 21, 16, 2:50 pm
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FRHI launches new hotel chain, Neqta

FRHI in a JV with Jiangsu Golden Land has launched a new hotel concept; Neqta, for millennials. The first location opened in Shanghai today (Jan 21, 2016)

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See more at: http://www.hotelsmag.com/Industry/News/Details/64040
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FRHI Hotels & Resorts, in a joint venture with China’s Jiangsu Golden Land Group, on Thursday announced the debut of Neqta Hotels (Nuo Ge Ya), a new brand and hotel portfolio consisting of upper mid-scale hotels located across China. Operated by FRHI and guided by the hotel management company, Neqta will be marketed apart from FRHI’s collection of Fairmont, Raffles and Swissôtel brands.
The inaugural hotel to fly the Neqta flag opened Thursday in Shanghai’s Xuhui District, close to the city’s World Expo site, and a second hotel is expected to debut soon in Nanjing.

“With domestic business travel on the rise and market research indicating Chinese consumer spending will more than double over the next five years, we see this as a remarkable opportunity to further grow our footprint in China,” said Wayne Buckingham, FRHI’s senior vice president of operations, Asia Pacific and chairman of the new joint venture. “Guided by extensive research and our own customer insights, we have designed a contemporary hotel brand that will be highly attractive to both property developers and the Chinese consumer, in particular the millennial business traveler in the 22 to 40 age demographic.”
Joseph Soh, the recently named managing director of the new joint venture and a Singapore native, will be tasked with brand growth and development. He brings extensive lodging experience in China to his new position having held several senior executive roles with major hotel groups including Starwood, Hilton, Millennium & Copthorne, IHG and Accor. “It’s the perfect time to be developing a dynamic, new hotel brand in China; the travel market in China has matured greatly over the last decade and there is now significant demand for this type of hotel product,” Soh said.
“Expanding into the right markets will be a top priority and we believe there is a natural opportunity to develop Neqta Hotels within many of Golden Land’s predominantly mixed-use developments,” Soh added. “With an average room count of about 150 and room sizes in the 28 to 32 square meter (300 to 350 square feet) range, we also see the brand being a compelling business proposition for Chinese property developers looking to invest.”

Neqta Hotels will feature open and stylish lobbies that will serve as social hubs, incorporating dining concepts that will see a breakfast and coffee shop by day transform into a cocktail bar and lounge in the evening.
Modern amenities, contemporary design and warm and efficient service will be hallmarks of the Neqta brand. Notable hotel features will include ergonomically designed and uncluttered guestrooms with comfortable beds, rain-showers, large Bluetooth-enabled LED televisions and free Wi-Fi and high-speed internet. Business travelers will also enjoy a one-stop arrival service catering to their individual needs and access to a selection of smaller and smart meeting areas that will have the flexibility to be converted for different uses and occasions.


Developing....

Last edited by AMRivlin; Jan 21, 16 at 4:12 pm
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Old Jan 21, 16, 2:51 pm
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While this is fresh news, it seems very premature considering the probable merger with Accor and all signs pointing to a China slow down. It appears to have been underway pre merger/sale, and to target the segment in a hipper Aloft/W market.

At least it ties in with the Fairmont Bee Initiative... Neqta... Pronounced "Nuo Ge Ya", I think I prefer the phonetic English.

I'm thinking a "Neqta" by Fairmont, would have been a nicer touch. I do find it very strange they do not own neqta.com or have a proper website in place, pre launch. (http://www.neqtahotels.com/) For a hip tech minded brand... Yikes.

I will add more personal thoughts as more information emerges.

Last edited by AMRivlin; Jan 21, 16 at 4:15 pm
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Old Jan 21, 16, 8:57 pm
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Originally Posted by AMRivlin View Post
a new hotel concept; Neqta, for millennials.
That must mean no parking.
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Old Jan 24, 16, 12:57 pm
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Hotel room design is nice:

http://m.ttgasia.com/article.php?article_id=26552
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Old Jul 12, 16, 12:33 pm
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I didn't see this hotel listed in the Accor merger collateral. I wonder what becomes of Neqta now. (Neqta Dapuqiao is directly across the street from Pullman Skyway Shanghai)

Last edited by AMRivlin; Jul 12, 16 at 12:40 pm
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