pedang
August 4th, 2006, 03:21 PM
Boustead to manage Conlay Plaza Hotel in 2008
By Vasantha Ganesan
bt@nstp.com.my
July 10 2006
THE Boustead group will manage its third hotel — The Conlay Plaza Hotel located the Golden Triangle of Kuala Lumpur — in 2008.
The hotel to be a five-star hotel/service apartment, will be managed by Boustead Properties’s subsidiary Boustead Hotels & Resorts on behalf of the owner Irat Hotels & Resorts Sdn Bhd.
Irat Hotels & Resorts Sdn Bhd, a company 70 per cent owned by Lembaga Tabung Angkatan Tentera (LTAT) and 30 per cent by the Ministry of Finance, will build the 285-rooms and 109- service suits hotel located on Jalan Conlay, Kuala Lumpur.
“Boustead Hotels & Resorts will only manage the hotel and we do not intend to purchase the building,” Boustead Properties’ executive director Datuk Ghazali Mohd Ali told Business Times.
The Boustead Group is also controlled by the LTAT. The Boustead Group already owns and manages two four-star hotels — the Royale Bintang on Jalan Bukit Bintang and Royale Bintang in Damansara.
The cost of the new hotel, which includes a coffee house, a Malay restaurant and Italian cuisine, has not been confirmed.
However, Ghazali hopes that the hotel will fetch RM300 per room per night for a standard room.
Early this year, Ghazali told Business Times that the group may have at least five hotels under its wings by 2010, as it moves to tap further into the foreign and local tourist markets.
Following the success of the RM40 million 145-room Royale Bintang Damansara, Boustead is looking at the possibility of opening another hotel there.
At the same time, the group is keen on a second hotel opening in Bukit Bintang, which is expected to be an a 50:50 joint-venture basis and expected to start in 2007/2008. Ghazali also pointed out that hotel operations will be incidental to its development and is not expected to be a major part of the group’s business in the future.
By Vasantha Ganesan
bt@nstp.com.my
July 10 2006
THE Boustead group will manage its third hotel — The Conlay Plaza Hotel located the Golden Triangle of Kuala Lumpur — in 2008.
The hotel to be a five-star hotel/service apartment, will be managed by Boustead Properties’s subsidiary Boustead Hotels & Resorts on behalf of the owner Irat Hotels & Resorts Sdn Bhd.
Irat Hotels & Resorts Sdn Bhd, a company 70 per cent owned by Lembaga Tabung Angkatan Tentera (LTAT) and 30 per cent by the Ministry of Finance, will build the 285-rooms and 109- service suits hotel located on Jalan Conlay, Kuala Lumpur.
“Boustead Hotels & Resorts will only manage the hotel and we do not intend to purchase the building,” Boustead Properties’ executive director Datuk Ghazali Mohd Ali told Business Times.
The Boustead Group is also controlled by the LTAT. The Boustead Group already owns and manages two four-star hotels — the Royale Bintang on Jalan Bukit Bintang and Royale Bintang in Damansara.
The cost of the new hotel, which includes a coffee house, a Malay restaurant and Italian cuisine, has not been confirmed.
However, Ghazali hopes that the hotel will fetch RM300 per room per night for a standard room.
Early this year, Ghazali told Business Times that the group may have at least five hotels under its wings by 2010, as it moves to tap further into the foreign and local tourist markets.
Following the success of the RM40 million 145-room Royale Bintang Damansara, Boustead is looking at the possibility of opening another hotel there.
At the same time, the group is keen on a second hotel opening in Bukit Bintang, which is expected to be an a 50:50 joint-venture basis and expected to start in 2007/2008. Ghazali also pointed out that hotel operations will be incidental to its development and is not expected to be a major part of the group’s business in the future.