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Old May 2nd, 2009, 09:53 AM   #1
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KUALA LUMPUR | St. Regis Hotel & Residences | 205m | 48 fl | Com

St. Regis luxury hotel coming up at KL Sentral
By Roziana Hamsawi



THE six-star St. Regis hotel chain is coming to Malaysia, and owner One IFC Sdn Bhd believes Kuala Lumpur is ready for the luxury brand.

The 200-room St. Regis Kuala Lumpur and 200 freehold residences are slated to open in 2014. The development will be sited at KL Sentral.

Starwood Hotels & Resorts Worldwide Inc was appointed as the management operator at a ceremony in Kuala Lumpur yesterday.

One IFC chief executive officer Carmen Chua said the company is committed to the project even though construction costs are rising.

"We are monitoring the situation very closely due to the scale of this project, but we are committed as we have confidence in Malaysia's economy and the country," Chua told a press conference yesterday.

CMY Capital Sdn Bhd holds 60 per cent of One IFC, while Malaysian Resources Corp Bhd (MRCB) - KL Sentral's developer - owns 30 per cent. The rest is held by Jitra Perkasa Sdn Bhd.

Construction is scheduled to start in 2010. One of the world's top three architectural firms - Skidmore, Owings and Merrill (SOM) - will be the hotel's main architect.

SOM designed the Freedom Tower in New York in the US and the world's tallest tower, the Burj Dubai, in the United Arab Emirates.

The hotel's development cost has yet to be determined as it is pending the design approval.

Chua said the design is likely to be unveiled late next year or early 2010.
The St. Regis Kuala Lumpur will be built on 0.88ha.

According to Chua, 1.4 million sq ft of development has been approved.

It will feature the famed hallmarks of St. Regis hotels, including luxury accommodation and the iconic butler service.

"When it is open for business, 95 per cent of the staff will be locals, and we plan to recruit local graduates and train them," Chua said.
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Old May 2nd, 2009, 10:11 AM   #2
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St Regis To Make Local Debut With Luxury Hotel
(Bernama)

KUALA LUMPUR, -- St Regis, known as the world's luxury hotel chain, will make its debut in Malaysia by 2014.

To be named St Regis Kuala Lumpur, the six-star hotel will have at least 200 guest rooms and 200 branded residences as well as a spa, gourmet dining and meeting facilities.

Starwood Hotels & Resort Worldwide Inc, which will operate the hotel, today signed a management agreement with ONE IFC Sdn Bhds wholly-owned subsidiaries, ONE IFC Hotel Sdn Bhd and ONE IFC Residences Sdn Bhd.

ONE IFC is a 60 percent owned by CMY Capital Sdn Bhd, with another 30 percent held by Malaysian Resources Corporation Bhd and 10 percent by Jitra Perkasa Sdn Bhd.

"The agreement signed Thursday is a proof that Kuala Lumpur is ready to welcome a brand whose reputation for luxury is incomparable," ONE IFC's chief executive officer Carmen Chua said at the signing ceremony.

She said St Regis Kuala Lumpur and The Residence at the St Regis Kuala Lumpur will be housed in a single mixed-use development called ONE IFC but did not disclose the total investment.

"The company's commitment to the ONE IFC project despite current economic uncertainty, the subprime meltdown, inflation and rising construction costs demonstrates its confidence in the Malaysian economy and the country," Chua said.

ONE IFC will be the landmark defining KL Sentral just as the Petronas Twin Towers defines Kuala Lumpur City Centre (KLCC), according to her.

It will be situated on Lot C of KL Sentral which is directly opposite the National Museum and Lake Gardens.

New York-based Skidmore, Owings and Merrill LLP has been appointed as architect for the ONE IFC project.

-- BERNAMA
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Old May 2nd, 2009, 10:12 AM   #3
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St Regis, The Residences to adorn KL skyline
By Surin Murugiah

KUALA LUMPUR: The proposed six-star St Regis Kuala Lumpur and The Residences at the St Regis Kuala Lumpur are set to bring a timeless elegance to Malaysia when they open their doors for business in 2014, said ONE IFC Sdn Bhd chief executive officer Carmen Chua.

She said the arrival of St Regis in Kuala Lumpur affirmed the country’s sustained growth and potential and was further proof that Kuala Lumpur was ready to welcome a brand synonymous with luxury.

The St Regis brand was founded by John Jacob Astor in New York in 1904 and is world-renowned for its service and hospitality excellence. Astor was among the fatalities in the infamous sinking of the Titanic in 1912.

Speaking to The Edge Financial Daily before a signing ceremony for a management agreement between ONE IFC and Starwood Hotels & Resorts Worldwide Inc yesterday, Chua said negotiations to bring the hotel to Malaysia started a year ago.

ONE IFC is a joint venture (JV) between CMY Capital Sdn Bhd, Malaysian Resources Corporation Bhd (MRCB) and private investment company Jitra Perkasa Sdn Bhd.

CMY Capital holds a 60% stake in the JV while MRCB and Jitra Perkasa have 30% and 10% stakes, respectively.

Chua, who is the daughter of prominent corporate figure Tan Sri Chua Ma Yu, said the St Regis chain targeted a niche market comprising presidents and prime ministers, diplomats, dignitaries and captains of industries.

She said the St Regis Kuala Lumpur, which would have at least 200 guest rooms, together with the 200-unit Residences at the St Regis Kuala Lumpur will be housed in a single mixed-use development called ONE IFC on Lot C within KL Sentral.

ONE IFC holds the land title to the 2.2-acre (0.89ha) Lot C, of which 1.4 million sq ft had been approved for development, she said.

“This development (at KL Sentral) represents one of the largest private sector driven initiatives, and it will generate extensive multiplier effects on the economy via job creation, increased tourism, retail spending and spillover effects on the building materials and manufacturing industries,” she said.

Chua said 95% of the staffing requirements of the hotel will be sourced locally and trained under St Regis’ existing training programmes in service and food and beverage.

The St Regis chain is prominent for its butler service and customising guests’ stay according to their specific tastes and preferences, she said, adding that it was also famous for its signature wine bar.

Starwood Hotels president for Asia-Pacific Miguel Ko said the chain was expanding in key metropolitan areas with heavy concentration of high-end travellers.

“Kuala Lumpur is a key city in this region and Malaysia is an important and upcoming country. The hotel business worldwide is a long-term investment and is not just based on the economic conditions of a nation alone. There are other factors, too.

“Starwood is very selective in deciding on locations for the St Regis brand. The primary criterion is that it has to be an important gateway city. In that sense, I do not foresee another St Regis in Malaysia at least for another decade,” he told The Edge Financial Daily.

The most recent to be opened in the region was St Regis Singapore, while work to start the hotels in Bali, Bangkok and Macau was underway, he said.

He said Starwood also placed importance in selecting its partners as they must have not only financial stability and passion for the hospitality business but more importantly, reputation and viability as a business partner.

Ko said in general, hotel rates in Malaysia were still relatively low compared to other countries while demand had been increasing, especially with more incoming business travellers and tourists.

Later at a press conference after the signing ceremony, Chua said the cost to develop the hotel had not been finalised as the design process for the hotel could take up to 18 months to be completed.

“Once the design is completed and approved by our partner Starwood, only then we would be able to provide construction estimates. We expect construction work to commence in 2010,” she said.

The design for the hotel is being prepared by New York-based architecture firm Skidmore, Owings and Merrill, whose landmark work includes Freedom Tower (the redevelopment of the World Trade Centre in New York) and the Burj Dubai, the world’s tallest tower.
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Old May 2nd, 2009, 06:32 PM   #4
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Now that looks like an awesome skyscraper!
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Old May 2nd, 2009, 06:38 PM   #5
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really nice project!!!! here in Argentina, we are waitting the beginnig of works of our own st reggis, at Buenos aires. It´s a totally different kind of building, but it "promise" to be a really beautyfull one. Hope you share your opinion at our SSC Argentina!!!!
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Old May 3rd, 2009, 05:31 PM   #6
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simply fantastic!!
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Old May 4th, 2009, 03:46 PM   #7
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that
is

WOW!!
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Old May 4th, 2009, 03:55 PM   #8
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wow, amazing design! i counted arround 75 floors....maybe a possible supertall
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Old May 22nd, 2009, 08:09 PM   #9
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78 or 80 floors ! Thats nice and design is very beautiful !
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Old May 25th, 2009, 10:38 AM   #10
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Malaysian Resources to build RM1.8b offices
Published: 2009/05/25

MALAYSIAN Resources Corp, developer of the nation’s biggest transport hub, will build two office projects valued at RM1.8 billion (US$517 million), gauging that property markets will revive as the global recession eases.

Malaysia’s biggest office supplier expects to sign up a foreign oil company to anchor the RM1 billion tower at the 348 Sentral project in Kuala Lumpur by taking up as much as 60 per cent of the building’s office space, Malaysian Resources managing director Shahril Ridza Ridzuan said. The project also includes serviced apartments.

“The global recession is not going to last forever,” Shahril said in a May 22 interview. “It’s a good time to start building now. Materials prices are at a fairly low ebb of the cycle.”

The company, whose shares surged 90 per cent since January 1, plans to return to profit this year and expects to expand its order book by 50 per cent to RM3 billion as a government stimulus package spurs domestic demand. The two office projects in Kuala Lumpur Sentral, an urban center built around Malaysia’s largest bus and rail hub, will generate an average of RM600 million a year from 2010, based on the project’s total expected revenue.


The 348 Sentral development covers 1.1 million square feet (102,000 square meters) of office space. The second office project, worth RM800 million is about half the size. The Kuala Lumpur Sentral development is already home to the Hilton and Le Meridien hotels. A St Regis hotel is also planned for the area.

Shares Surging


“Once we have our office deals signed up, then that seals our pipeline for the next three years in term of revenue and profits,” Shahril said. “When you are willing to take the view that we’re going to come out of this, a three-year timeframe is well within striking distance of putting your office on the market.”

Shares of Malaysian Resources, controlled by the country’s biggest pension fund, rose 5.4 per cent to a 12-month high of RM1.36 at 12:14 pm local time. The company is the third biggest climber on the Kuala Lumpur Construction Index this year and has outpaced the benchmark Composite Index’s 20 per cent gain.

Loans approved for buying Malaysian residential property surged 49 per cent in March from a month earlier, the second monthly gain, according to central bank data, adding to signs the industry may be rebounding.

Malaysia Resources expects to win RM1 billion of new orders this year, with 30 per cent of that coming from projects to clean up the country’s rivers, Shahril said. The company won two building contracts valued at RM239 million over the past two months, its first construction jobs secured this year, increasing its order book to RM2 billion, Shahril said. - Bloomberg
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Old June 25th, 2009, 05:19 PM   #11
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[IMG]http://www.**************/show/2009/06/25/06/20/4124689_859x122.JPG[/IMG]

Source: http://www.starwoodhotels.com/stregi...ropertyID=3392
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Old July 19th, 2009, 11:02 PM   #12
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Starwood in talks for more hotel investments in Malaysia
By Vasantha Ganesan Published: 2009/07/20

STARWOOD Hotels and Resorts Worldwide Inc, which operates hotel brands like Sheraton, Westin and Le Meridien, is in talks with several parties for new hotel openings in Malaysia.

The group, which is bullish about the future of the local hospitality industry, is in various stages of negotiations to expand its footprint in the country.

Its on-going talks could result in the group having representations outside the prime locations of Kuala Lumpur and Langkawi.

"We are in serious discussion with six parties for not only Langkawi and Kuala Lumpur, but also secondary states," director of acquisition and development for Starwood Asia Pacific, Rajit Sukumaran, told Business Times in an interview.

The group hopes to expand its brands to include Penang, Malacca and the Iskandar Development Region in Johor.

"We are constantly expanding and our development mantra is the 'right partner, right place and right positioning'," he said.

The brand best suited for the location will be used, even if the brand is already in the locality nearby.

Starwood has nine hotel brands including Four Points by Sheraton, The Luxury Collection, St Regis, W Hotels and a loft.

When asked why Starwood is keen on Malaysia when hotels rates here are said to be one of the lowest in the world, Rajit said: "We see hotels as a long-term investment. Year-on-year there is growth in tourist arrivals. We are bullish about Malaysia especially the hospitality industry."

Today, Starwood operates eight hotels in Malaysia with a total room inventory of 2,800. These hotels include Le Meridien Kota Kinabalu, Le Meridien Kuala Lumpur, Sheraton Imperial Kuala Lumpur, Sheraton Langkawi Beach Resort, The Westin Kuala Lumpur, The Westin Langkawi Resort & Spa and Four Points by Sheraton Kuching.

The Starwood family in Malaysia is set to grow with two new confirmed openings - the 300-room Four Points by Sheraton Sandakan, Sabah in 2011 and a 200-room luxury category The St Regis Kuala Lumpur in 2014.

Starwood, Rajit said, is confident that Malaysia has a market for a luxury brand like St Regis.

When the hotel opens, it will join at least two other luxury brands which are scheduled to open at an earlier date - Four Seasons Place in Kuala Lumpur and The Raffles Kuala Lumpur.

"There are quite a few luxury brands coming into the market ... with the right opportunity and location given, our (St Regis') rates will be comparable with our competitors," he said.

Worldwide, the Starwood group operates 950 hotels in 100 countries with a total room inventory of 287,000.
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Old July 20th, 2009, 12:18 AM   #13
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Awesome just Awesome!!!!!!!!
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Old July 21st, 2009, 09:10 AM   #14
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WOW!!
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Old July 23rd, 2009, 01:23 PM   #15
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LOCATION: KL SENTRAL

[IMG]http://www.**************/show/2009/07/23/02/21/4553321_924x444.JPG[/IMG]
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Old July 23rd, 2009, 01:24 PM   #16
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LOCATION: KL SENTRAL

[img]http://www.**************/show/2009/07/23/02/24/4553421_897x673.JPG[/img]
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Old August 21st, 2009, 10:30 AM   #17
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Old September 25th, 2009, 12:04 PM   #18
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Butler Serviced Hotels Come To Kuala Lumpur

St Regis, the six star hotel chain is aiming at moving into the Malaysian capital of Kuala Lumpur with hotel designed by Skidmore, Owings & Merrill.

Developed by One IFC, a joint venture between CMY Capital Sdn Bhd and Malaysian Resources Corp Bhd, the scheme is being designed to accommodate not only the 200 room hotel but also 200 apartments that will also be managed by St Regis, a brand that literally has a butler service you can call on. Bertie Wooster would approve.

With approximately 80 floors, the building will have a substantial height making it one of the tallest in Kuala Lumpur, and also one of the defining skyscrapers of the under construction business district it is set to stand in, KL Sentral.

With a square footprint, the towers design is dominated by four stacks of rectangles. These present a series of differing facades to each side of the building making them look almost like a neatly arranged self-contained collection of glass books.

The building has yet to start construction but already has a firm finish date penciled in with the hotel aimed at opening on January the first 2014 according to St Regis, a very precise date that will no doubt be watched over by Jeeves
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Old November 12th, 2009, 04:06 AM   #19
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MRCB: RM6b new projects at KL Sentral in the pipeline
By Sharen KaurPublished: 2009/11/12



MALAYSIAN Resources Corp Bhd (MRCB) has new projects worth some RM6 billion to launch at Kuala Lumpur Sentral (KL Sentral), the integrated transport hub in Brickfields, before the end of the development in 2015/ 2016.

Group managing director Shahril Ridza Ridzuan said MRCB, one of the country's biggest office space providers, will launch three million sq ft of space next year.

These would include room for two luxury serviced apartment towers, an office building, and the 6-star 200-room St Regis Hotel.

Shahril said the construction for St Regis will start by mid-2010, followed by the office building.He said the two serviced apartments towers, worth almost RM900 million, will be launched towards the end of next year.

"We have land fronting Jalan Tun Sambanthan, which we are reserving for the final phase of the KL Sentral development. We are in the midst of deciding what we want to build on the land. A decision would be made around 2012," Shahril said in an interview with Business Times in Kuala Lumpur recently.

Currently, there are RM7 billion worth of on-going projects at KL Sentral, which would be completed between 2011 and 2012.

These includes Nu Sentral Mall, a business class hotel, three office towers, an office block for CIMB Investment Group, the KL Sentral park featuring low-rise high-end offices, and 348 Sentral, comprising a 33-storey office tower and 21-storey serviced residence.

Shahril said MRCB is in talks with international operators to manage the business class hotel.

On the three office towers, Shahril said one building with 27 floors will be taken up by Pelaburan Hartanah Bhd.

The two remaining towers will have Korean interest. They will provide capital under the Daol Trust & Fund Co Ltd (Daol Fund), he said. Daol Fund is Korea's first specialised real estate fund investment and management company.

"The structure will be similar to a real estate investment trust (REIT) where the Koreans will invests in the towers, and we would manage it for them for a few years."

On replicating KL Sentral, Shahril said while it would be difficult to do that in Kuala Lumpur due to scarcity of land, there is no doubt the development would be taken international.

He said MRCB is in talks with potential parties to replicate KL Sentral in the Middle East and Asia Pacific, including in China and India.
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Old February 26th, 2010, 08:18 PM   #20
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St. Regis makes landmark entry into Malaysia with signing of St. Regis Kuala Lumpur
http://www.mrcb.com.my/main/updates/update_at_regis.php



ONE IFC Sdn Bhd, a joint venture between CMY Capital Sdn Bhd, Malaysian Resources Corporation Berhad (MRCB), and Jitra Perkasa Sdn Bhd, announced on 12 June 2008, the signing of a Management Agreement of the six-star St Regis Kuala Lumpur and Residences at The St Regis Kuala Lumpur via its wholly-owned subsidiaries ONE IFC Hotel Sdn Bhd and ONE IFC Residences Sdn Bhd with Starwood Hotels & Resorts Worldwide, Inc.

The St. Regis Hotel &The Residences at the St Regis Kuala Lumpur, which has a minimum of 200 hotel rooms and 200 branded whole-ownership units will be housed in a single mixed-use development named ONE IFC. Located in the exclusive urban centre of Kuala Lumpur Sentral, ONE IFC sits on Lot C of Kuala Lumpur Sentral which is directly opposite the National Museum and the Lake Gardens.

“We are thrilled with the landmark entry of St. Regis brand into Malaysia! The sustained demand for luxury accommodation, the renowned Malaysian hospitality combined with the legendary bespoke service of the St. Regis brand, and the unrivaled location of this hotel in the exclusive urban centre of Kuala Lumpur Sentral, will make this property an extremely attractive choice for travelers to Kuala Lumpur,” commented Mr. Miguel Ko, President for Starwood Hotels & Resorts, Asia Pacific.

“We are excited to embark on this collaboration with Starwood in bringing a luxurious brand like St Regis to Kuala Lumpur. We have engaged an exciting team of internationally reputed experts, whose modern outlook in today’s fast-changing environments and technologies share our commitment in turning this iconic project into a reality,” said Carmen Chua, Chief Executive Officer of ONE IFC Sdn Bhd.

Our commitment to this development represents our dedication, belief and confidence in the future of Kuala Lumpur. This signing ceremony marks another important chapter in the Kuala Lumpur Sentral growth prospect and more importantly, a step forward in KL’s transformation into a global city, one that will shape and enhance as well as contribute to the overall growth and success of the country” she added.

Following in the tradition of the legendary St Regis New York, St Regis Kuala Lumpur will feature the famed hallmarks of St Regis hotels – butler service and luxury accommodations for worldly travellers.
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