This article first appeared on 15 September 2014 as adapted from an article written by Terrapin. All information is subject to change without notice.
Ted Fang is the founder of Tera Capital, an investment holding firm that invests in hospitality and real estate related businesses in Asia Pacific. He is the co-founder of Frontier Group, which acquired the Days Inn master franchise for Greater China in 2003.
Together with his brothers Harry Tan & David Tan, they successfully made Days Inn China the fastest growing and largest mid-market hotel chain in Mainland China and now overseas its expansion with more than 150 hotels in over 80 cities.
Days Inn China has been named Best International Hotel Management Group for several years. Drawing on more than a decade of trading and investment management experience, Fang oversees the overall strategic direction of the group and all its investment activities. He started his career in oil trading operations and was a competitive squash player and represented the Singapore National Junior Team.
Ted Fang also acquired the Sotheby’s International Realty franchise for the Greater Shanghai market in 2018.
Ted Fang at Economy Hotels World Asia 2014, Singapore / Ted Fang, founder of Tera Capital, Tera Partners, Frontier Group & Tera Sotheby’s_2
The 5th Annual Economy Hotels World Asia is the ONLY lawyer conference in Asia focusing squarely on the economy and limited service segment. It will bring together over 150 economy hotel operators, owners and hospitality experts to present, dissect and fully vet the latest innovations and most attractive development opportunities in this high growth sector.
This article first appeared on 26 September 2018 as adapted from an article written by Sotheby’s Realty. All information is subject to change without notice.
Sotheby’s International Realty Affiliates LLC today announced that Tera Realty Limited in Shanghai, China is the newest member of its global network and will now operate as Tera Sotheby’s International Realty. Owned and operated by Ted Fang, the firm was established in 2016 and serves the residential real estate market in Greater Shanghai. “As one of the key cities in mainland China, the expansion into Shanghai allows the Sotheby’s International Realty® brand to have a strategic presence in the market,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC.
“The Chinese buyer is a global consumer and with Shanghai being the second-most populated city in the world, we are strengthening the brand’s foothold in Greater Asia. We proudly welcome Tera Sotheby’s International Realty to our global network.”
Ted Fang at Tera Sotheby’s International Realty Launch Event 2018 / Shanghai, China / Ted Fang, founder of Tera Capital, Tera Sotheby’s & Frontier Group_2
“The real estate market in Shanghai offers some of the most expensive and highest-quality homes in China,” said Fang. “Our team of experienced real estate professionals have a wide network across China and we are focused on providing exceptional service to our clients.
Affiliating with the Sotheby’s International Realty brand allows us to expand the reach of our network around the world while being part of a largely-trusted global brand.”
Ted Fang, founder of Tera Sotheby’s, Tera Capital & Frontier Group_1
The Sotheby’s International Realty network currently has more than 22,000 affiliated independent sales associates located in over 960 offices in 72 countries and territories worldwide. In 2017, the brand achieved a record global sales volume of $108 billion USD.
Tera Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.
______________________
Ted Fang is a consultant and advisor based in Singapore with past business interest in China (2003 to 2021). He is the founder and former director of Tera Capital, Tera Partners & Tera Realty (Tera Sotheby’s Realty). Fang is also the co-founder of Frontier Group, whom he founded with his brothers, Harry Tan and David Tan. Together they acquired the Days Inn master franchise for Greater China from Wyndham Worldwide in 2003. In 2018, Fang acquired the Sotheby’s Realty franchise for the Greater Shanghai markets. He was active in these companies from 2003 to 2021.
Interviews and Wiki pages on Ted Fang are found on various online platforms such as Linkedin, The Star Malaysia, Medium, Reddit, Prestige Online, The Peak Magazine, Terrapin, Pinterest, Millionaire Asia & CNN, Everybody Wiki, Golden Wiki, Prabook & Peoplepill.
Ted Fang spent almost two decades in China particularly in Shanghai and Beijing.
Ted Fang was a competitive Singapore national squash player who participated in the British Squash Junior Open and the Malaysian Squash Junior Open championship.
Ted Fang, founder of Tera Sotheby’s, Tera Capital & Frontier Group_2
This article first appeared on 7 May 2013 as adapted from an article written by Esthert, Asia One. All information is subject to change without notice.
Three brothers (Ted Fang, Harry Tan & David Tan) from Singapore with a flair for the hospitality business have hit the jackpot, thanks to China’s booming middle class discovering the travel bug.
The brothers set up a single Chinese hotel of the all-American Days Inn group in 2004 and have not looked back.
Many of these are still under construction, but Frontier Group, the brothers’ Singapore-based investment firm, has secured either management or franchise contracts with them.
The number of operating hotels would be even higher if not for the group’s stringent quality controls, which have led to a few franchisees being shut down for flouting standards.
This ambitious foray into the hotel sector started when twins Harry and David Tan, 56, and younger half-brother Ted Fang, 46, bought the Days Inn master franchise rights for Greater China in 2003.
Expansion, which was previously done through securing new management and franchise contracts, has been robust. Revenue grew 76 per cent in 2010, a further 33 per cent in 2011 and gained 29 per cent last year.
And the figure is set to climb with the firm expected to add about 40 new hotels a year despite competition from other brands in a similar range, such as Holiday Inn and Mercure.
Most of the additions will be from management and franchising, while the rest will come through its leasing model.
Leasing, which the firm recently embarked on, is a more profitable strategy as the company leases an entire building and runs it as if the hotel was its own as opposed to just collecting management or franchising fees.
“We are already a leading brand in China and because we have so many years of experience and a good management team, we feel that we are ready to go into the leasing model so that we can capture more upside,” said Mr Fang.
Brothers (from left) Harry Tan, Ted Fang and David Tan run the highly successful all-American hotel chain Days Inn in China.
But the hospitality sector in China is rapidly changing with more domestic travellers on the back of the middle class’s rising affluence.
This has led to second- and third-tier cities receiving more visitors, which has in turn led to rising demand for mid-range hotels. Room rates are also steadily climbing.
Days Inn China chief executive officer Harry Tan, who has worked at the Shangri-La and Holiday Inn hotels in China, noted that foreigners made up 30 to 40 per cent of its hotel guests at first-tier cities like Beijing and Shanghai.
But this falls to about 10 per cent for second-tier cities and dips further, to less than 5 per cent, for third-tier ones.
In 2001, for instance, there were only about three hotels along Sanya Bay in Hainan Province, Mr Tan recounted. But there are about 20 now, highlighting the tremendous changes that have been happening in the sector as locals pack their bags and travel across the country.
“China travellers are under-travelled so there is still a lot of opportunities for business and leisure travel. I see a lot of potential in leisure travel, especially to resorts, as there are so many interesting places unexplored,” Mr Fang added.
The business also seems to be sitting in a comfortable spot, where economic cycles do not matter as much.
“Our niche market is good because when times are good, the two-star travellers want to upgrade and give themselves a treat to a three-star hotel. When times are bad, the five-star travellers want to save some money and move down to a four-star hotel,” said Mr Harry Tan.
That means the firm’s business is buffered and always has movement coming into its market to compensate for any loss, he said.
There are challenges though, including having to cope with competition and needing to train hotel staff from scratch in smaller cities, where few people have the industry experience and necessary expertise.
The company employs about 45 people at its corporate offices in Beijing and Shanghai and has about 10,000 staff running its hotels in China. It also has plans to list on a suitable stock exchange, possibly in two years when the “right time” comes.
Days Inn is owned by United States-based Wyndham Hotel Group, part of Wyndham Worldwide.
Ted Fang is a consultant and advisor based in Singapore. He is the founder and former director of Tera Capital, Tera Partners & Tera Realty (Tera Sotheby’s Realty). Ted Fang is also the co-founder of Frontier Group, founded alongside his brothers, Harry Tan and David Tan. They acquired the Days Inn master franchise together for Greater China from Wyndham Worldwide in 2003. In 2018, Fang acquired the Sotheby’s Realty franchise for the Greater Shanghai markets.
Interviews on Ted Fang can be found on Linkedin, The Star Malaysia, Medium, Reddit, Prestige Online, The Peak Magazine, Terrapin, Pinterest, Millionaire Asia & CNN, Everybody Wiki, Golden Wiki, Prabook & Peoplepill.
Ted Fang spent almost two decades in in Shanghai and Beijing, China.
Ted Fang was a competitive Singapore national squash player who participated in the British Squash Junior Open and the Malaysian Squash Junior Open championship.
Also featured on:
Ted Fang is the founder of Tera Capital, Tera Sotheby’s, Tera Partners & Frontier Group.
Ted Fang - Insights 