According to Accor Malaysia, Indonesia & Singapore vice president Gerard Guillouet, the ten new hotels will add significantly to Accor's presence in Malaysia, as the success of its four existing hotels provides the confidence to aggressively expand its network of hotels in Malaysia.
"The success of these ventures is due to Accor's business model, whereby Accor brings its international expertise in the fields of hotel construction, product concept, design and branding, as well as its global sales, marketing and distribution network, and co-operates with partners having local expertise and investment knowledge. This has encouraged and given us the confidence to aggressively expand our network with 10 more new hotels that are to be opened next year and 2014," he said.
The 10 hotels announced together with their forecasted date of completion are: Pullman Kuala Lumpur, 513 rooms (2012); Pullman Port Dickson, 318 rooms (2014); Novotel Melaka, 320 rooms (2013); Novotel Klang Valley 1Gateway, 187 rooms (2013); Ibis Styles Fraser Business Park Kuala Lumpur, 500 rooms (2012); Ibis Styles Cheras, 156 rooms (2012); Ibis Styles Johor Bahru, 179 rooms (2013); Ibis Styles Kota Kinabalu Inanam, 165 rooms (2013); Ibis Styles Lahad Datu, 108 rooms (2013); and Ibis Styles Ipoh, 118 rooms (2013).
- Created on Thursday, 03 November 2011 15:44
The oversupply situation is due to a competitive rental market, its executive chairman Christopher Boyd told reporters after a luncheon talk on "Klang Valley Property Market Overview", hosted by MIDF Amanah Investment Bank Bhd here today.
However, he said, the arrival of multinational corporations in Kuala Lumpur due to the low operating costs as well as the young and well-educated population would help stabilise the office market.
Boyd said the supply situation has improved from two quarters ago, with some projects being pushed back or cancelled, but others are still on the drawing board.
- Created on Thursday, 03 November 2011 15:26
Tourism Minister Datuk Seri Dr Ng Yen Yen said the country is currently short of four- and five-star hotels, especially during peak travel periods.
“We are not short of budget hotels or hotels that are rated three-star and below.
“However, when it comes to high-end hotels, tourists often complain that they couldn't get rooms,” she said after launching the “Destination Malaysia Website” by international hotel operator Accor here yesterday.
- Created on Wednesday, 02 November 2011 18:05
Johor executive councillor for international trade and industry Tan Kok Hong said it was timely for developers to focus on this segment apart from the residential properties area. “Johor is still strong in the manufacturing sector and it remains one of the top three destinations for foreign direct investments (FDIs) in the country,’’ he said.
Tan said this at the signing ceremony between Telekom Malaysia Bhd and UMLand Bhd’s subsidiary Dynasty View Sdn Bhd for the deployment and provision of TM’s high speed broadband (HSBB) network infrastructure and services.
- Created on Wednesday, 02 November 2011 17:13
The project, located in Kulai, Johor, is 95 per cent complete, said Datuk Seri Idris Jala, chief executive officer of Pemandu, the government unit that oversees the implementation of the Economic Transformation Programme (ETP).
JPO, a project earmarked under the ETP to boost the economy via tourism, is expected to create more than 3,000 jobs.
"It is currently 95 per cent completed. More than 80 designer and brand names have confirmed their presence," Idris said at a briefing here yesterday that marked one year since the ETP was launched.
- Created on Wednesday, 02 November 2011 17:06
All businesses in the Lend Lease Group throughout the world are now operating under one brand, "Lend Lease".
According to Lend Lease, it is implementing a unified brand to clear up confusion in some areas of the marketplace about who Lend Lease is and what it does. It is also to assist the group to drive maximum value from its integrated offering.
Lend Lease's managing director in Malaysia, Dinesh Nambiar, said Lend Lease has been operating in the Asian market for 38 years, and in Malaysia for 30 years.
- Created on Wednesday, 02 November 2011 16:59
Phase one comprising 108 luxury villas had been sold out and 85 percent of the buyers were from overseas, KL Metro Managing Director Datuk Low Tak Fatt told reporters today.
"We are confident that the balance 534 luxury homes will be fully taken up by end of 2013," he said after the launch of another project by the company, Grand Lexis Port Dickson, at Tanjung Gemok near here.
The ceremony was officiated by Negeri Sembilan Menteri Besar Datuk Seri Mohamad Hasan.
- Created on Wednesday, 02 November 2011 16:32
Tourism Minister Datuk Seri Dr Ng Yen Yen said that even currently, there were insufficient five-star and four-star hotels as the ministry often received complaints, especially during peak season.
"The location to build these types of hotels however, depends on the operators, and by looking at the government tourism direction.
"(For example) Now that the government is spending millions of ringgit to build infrastructure in Langkawi (Kedah), it needs more five-star and four-star hotels.
- Created on Wednesday, 02 November 2011 16:19
“We are looking at a picture where supply [of office space] is going to likely outstrip demand,” he said at a luncheon talk hosted by MIDF Amanah Investment Bank Bhd last October 31.
“This year alone, new supply was over four million sq ft which is already in excess of demand even in a good year,” said Boyd, pointing out that demand for new office space averaged two million to three million sq ft net in the Klang Valley.
“Next year we are looking at six million sq ft [in new office space]. It [supply] will fall in 2013 but in 2014 we’re looking at 10 million sq ft,” he said.
- Created on Wednesday, 02 November 2011 15:39
Mubarak president Datuk Seri Abdul Aziz Rahman said the project, comprising three-storey shophouses and a four-storey office building with a gross development value (GDV) of RM10.85 million, will be built on land near Batu Caves, Selangor.
The site is adjacent to the Shell petrol station about 20m from Batu Cantonment near the Duta-Hulu Kelang Expressway (DUKE).
Mubarak will receive 30 per cent of the GDV or about RM3.255 million either as cash or office building, which it plans to make its operations centre, Abdul Aziz told reporters at the agreement signing here yesterday.
- Created on Wednesday, 02 November 2011 15:29