Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Tuesday, March 23, 2010

Dorsett Intl may get second hotel in Johor

DORSETT International Hotels & Resorts Sdn Bhd may own and manage a second hotel in Johor in the next three years.

The proposed hotel, to be developed by a subsidiary of Malaysia Land Properties Sdn Bhd (Mayland) - Mayland Austin Sdn Bhd in Mount Austin, Johor, will however be positioned differently from the existing Dorsett Johor Hotel.

"We are looking at a second hotel in Mount Austin within the Palazio development by Mayland," Dorsett Johor's resident manager Tengku Ahmad Faizal Tengku Mohamed told Business Times in an interview.

"The hotel should be ready within the next three to four years. The positioning of the hotel has to be different, maybe only about five to 10 minutes from the existing Dorsett Johor (in Plentong)," he added.
However, details on room inventory and cost of the new development have yet to be finalised.

Dorsett International is owned by Hong Kong's Far East Consortium International Ltd (FEC).

FEC deputy chairman and chief executive officer is Tan Sri David Chiu, the founder of Mayland.

The Far East group now operates hotels in Hong Kong, China, Macau, Japan and Malaysia. It has confirmed a hotel opening in Singapore.

Dorsett is also looking at growing its hotel portfolio in Malaysia. It was reported that Dorsett has been given RM500 million to either build or buy hotels in Malaysia.

While it is eyeing to expand into the Klang Valley, it is also looking to have representations in Sabah, Pahang and Penang.

It has confirmed of opening two hotels in the Klang Valley, one a 200-room business boutique hotel in Sri Hartamas, for an estimated RM100 million, and a three-star 300-room one in Cheras for between RM60 million and RM70 million.

Apart from Dorsett Johor, the group owns and operates four other hotels in Malaysia, namely the Grand Dorsett Subang, the Dorsett Regency in Kuala Lumpur, the Grand Dorsett Labuan and the Maytower Hotel and Serviced Residences.

By Business Times (by Vasantha Ganesan)

No comments: