KUALA LUMPUR | W Hotel & Residences | 235m | 55 fl | U/C

[nazrey]

Dijaya signs on Starwood to develop W Kuala Lumpur hotel on former Bok House site
By Wong King Wai of theedgeproperty.com
Wednesday, 06 April 2011 16:51
http://www.theedgeproperty.com/news-a-views/6994.html

KUALA LUMPUR: Dijaya Corporation Bhd has signed on Starwood Hotels & Resorts Worldwide to develop the W Kuala Lumpur hotel on the former Bok House site on Jalan Ampang, Kuala Lumpur.

W Hotels is a contemporary, design-led lifestyle hotel brand and has 41 hotels worldwide.

“Tourist numbers are increasing in Malaysia so we see it as a natural progression to enter the hospitality business,” said Dijaya Corp managing director Datuk Tong Kien Onn at the signing ceremony on Wednesday April 6.

In addition to the W Hotel, 350 units of serviced apartments will be built atop the hotel. The launch of the serviced apartments will be in 2012, said Tong.

The current plot ratio for the 1.2-acre freehold plot is 11 but the developer is applying to raise it to 12. Under the present plot ratio, the hotel is expected to take 10-storeys while the apartments will be 27 storeys. The gross development value for the residences is about RM650 million.

The indicative price per unit is between RM1,600 and RM1,800 for units sized between 700 sq ft to 1,600 sq ft. “Construction is scheduled to begin end 2011 with completion in 2016. The development cost for both hotel and residences is about RM750 million with the hotel portion taking up RM300 million,” Tong revealed.

The proposed design of the W Kuala Lumpur building is by New York-based Skidmore, Owings & Merrill.

The hotel will feature 150 rooms and suites. It will also have 12,917 sq ft of meeting space, with one ballroom and five meeting and function rooms. A traffic consultant will be hired to look at traffic concerns in the area.

“W Kuala Lumpur will be an exciting addition to the brand’s growing international footprint in the world’s most exciting cities and emerging destination,” said Chuck Abbott, regional vice president Southeast Asia, Starwood Hotels & Resorts, Asia Pacific.

W Hotels have six hotels in Asia with six more being developed. It recently opened W Hotels in Taipei, Bali and Koh Samui.

“Dijaya is proud to collaborate with Starwood Hotels & Resorts Worldwide, a company with a long history of designing, building and managing world-class hotels and resorts. We have chosen a partner that is in line with our aim to grow with a dynamic presence,” said Datuk Rohana Mahmood, Dijaya independent non-executive chairman.

Tourism Minister Datuk Seri Ng Yen Yen who witnessed the signing said Malaysia needs another 40,000 rooms by 2020 to add to the current 161,117 rooms. The ministry has set a target of attracting 36 million tourists in 2020 with an annual revenue of RM168 billion. In 2010, 24.7 million tourists visited Malaysia earning the country a total of RM56 billion.

[nazrey]

Dijaya ventures into hospitality
By Sharen Kaur Published: 2011/04/07
http://www.btimes.com.my/Current_New...YA6-2/Article/


http://www.dijaya.com.my/project/fut...la_lumpur.html

KUALA LUMPUR: Dijaya Corp Bhd (5401)will build a 50-storey hotel-cum-residential block costing RM750 million on a plot of land on Jalan Ampang, where the historical Bok House used to sit.

Dijaya yesterday signed a collaboration agreement with hotel and leisure group Starwood Hotels & Resorts Worldwide Inc to develop the hotel portion, which will be called W Hotel.

The pact marks the entry of Dijaya into the hospitality industry.

Dijaya managing director Datuk Tong Kien Onn said it will continue to build its interest in hotels, especially in the three- and four-star categories.

"We hope to have a long-term partnership with Starwood. The tourism sector is building and we thought to grow ourselves, the next good thing is to diversify," Tong said at the signing of the pact, witnessed by Tourism Minister Datuk Seri Dr Ng Yen Yen.

The W Hotel will have 150 rooms and will take up the first 10 floors of the building. It will carry a six-star rating catering to discerning travellers, including businessmen.

The residences, which will be occupying 27 floors of the block, will be launched next year with estimated RM650 million in gross development value.

It will have 350 units ranging from 700 to 1,600 sq ft each and selling at between RM1,600 and RM1,800 per sq ft, Tong said.

Dijaya expects to start the development by the end of this year for completion in 2016.

Ng, meanwhile, said Malaysia will need 40,000 new hotel rooms by 2020, to cater to the estimated 36 million tourist arrivals.

Currently, there are 161,117 hotel rooms in Malaysia, including 30,000 in Kuala Lumpur, generating RM56 billion in revenue for the tourism industry.

Ng said her ministry is looking to increase this threefold to RM168 billion by 2020.

"We are trying to get more direct flights from as many destinations as possible, including the US. We are in discussions with several airlines.

"At the moment, we are focusing on transit passengers and talking to hoteliers to build this segment," she added.

[nazrey]

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[RobertWalpole]

I love KL, but this project is lame.

[guy4versa4]

Originally Posted by RobertWalpole

I love KL, but this project is lame.

this is new project..just annouce 2weeks ago

[sepul]

Originally Posted by RobertWalpole

I love KL, but this project is lame.

why??

[RobertWalpole]

It's an unimaginative box.

[guy4versa4]

Originally Posted by RobertWalpole

It's an unimaginative box.

sometimes unimaginative box is look better the curvy twist tower...i really like this design

[Munwon]

Originally Posted by RobertWalpole

It's an unimaginative box.

I beg to differ! I think its very stylish and will add density to KLCC.

[nazrey]

The site:

Originally Posted by James Foong

Bok House traded off for carpark..

[THT-United]

Simple and sweet design, I like!

And it's gonna be interesting to see how these two top-end Starwood brands compete with each other - St. Regis in KL Sentral and this KLCC-facing W Hotel. Although the St. Regis has the advantage of opening earlier, in 2014...

[nazrey]

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[nazrey]

W Hotel makes its mark in KL
http://malaysiahotelnews.blogspot.co...ark-in-kl.html

[nazrey]

Dijaya Corp to launch projects with GDV RM3.5b
By Joseph Chin Friday, 27 May 2011 15:26
http://www.theedgeproperty.com/news-...gdv-rm35b.html

KUALA LUMPUR: Dijaya Corporation Bhd reported net profit of RM18.54 million in the first quarter and announced projects with gross development value (GDV) of RM3.5 billion over the next two years.

It said on Friday, May 27, that its earnings jumped 489% from RM3.15 million a year ago, boosted by higher profit margin contributed by its new property development launches.

The earnings were underpinned by the new launches including Tropicana Grande golf-fronted condominiums and Casa Tropicana final Block E condominiums at Tropicana Golf & Country Resort as well as Pool Villas at Tropicana Indah Resort Homes.

Dijaya added the 3Q earnings included net gain of fair value adjustment of RM5.16 million arising from marketable securities and recognition of RM4 million in liquidated and ascertained damages compensated from a contractor.

Its managing director Datuk Tong Kien Onn said that given the current set of results and the good location of the company's current development, he was optimistic Dijaya would continue to post an improving set of results.

"The company also has projects under planning to be launched over the next two years worth RM3.5 billion in GDV.

"These projects include W Hotel and Residences Kuala Lumpur, serviced apartments in Tropicana Danga Bay, Tropicana Gardens commercial centre, Tropicana Avenue business and retail centre, Tropicana Bayou mixed development and Tropicana Cheras bungalows, semi-dees and linked houses. With all these projects on the pipeline, the company is poised for growth."

[leuru]

wow

[yatt]

Another great project in KL...

[Persi]

Stunning project

[nazrey]

W Hotel & Residences

Originally Posted by patchay

ARE YOU GUYS READY?

[nazrey]

UPDATE:

Originally Posted by msyukry08

image hosted on flickr

[nazrey]

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