The resort, to be named Bayou Lagoon Park Resort, will be a mixed development comprising a hotel, retail centre, four blocks of service apartments, a water park, convention hall and a club house.
The resort will be developed in stages, with the completion of two of its serviced apartment blocks by early 2012.
The entire serviced apartment development has a gross development value of RM250 million.
The water park, which will be exclusive for guests and residents of the resort, will be ready by the time the apartments are up, and has a gross development value of RM8 million.
The convention hall, club house and hotel, meanwhile, are to developed later.
Bayou Lagoon Park Resort Sdn Bhd executive director Marco Seow said the development is the company's first foray into integrated resort development after developing residential and commercial developments in the Klang Valley for the last 30 years.
"This is why we brought in Crystal Crown, which has experience in the planning, development and management of hospitality project, as a consultant for the project," Seow said.
Crystal Crown and the manager of the resort, Bayou Lagoon Park Resort Sdn Bhd, entered into a distinctive partnership yesterday.
Under the pact, Bayou Lagoon will be a member of the Crystal Crown Group, allowing it to leverage on the established brand name as well as be accorded technical and feasibility advice on layout and hotel system solution.
By Business Times (by Presenna Nambiar)
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