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Concorde KL to undergo RM40m refurbishment
By Vasantha Ganesan
May 5 2006
BusinessTimes
The number of rooms will be reduced to 488 to have
bigger rooms in order to capture the up-market guests
THE Concorde Hotel Kuala Lumpur will undergo a RM40 million refurbishment over the next four years, to better compete with new hotels mushrooming in the city centre.
"We plan to spend RM40 million over the next four years starting this year to upgrade the hotel," Concorde Hotels & Resorts (Malaysia) Sdn Bhd chairman Datuk Syed Yusof Syed Nasir said.
"We probably have to reduce the number of rooms. Currently, we have 575 rooms. We want to reduce the number to 488, and have some bigger rooms in order to capture the up-market guests," he added.
This is also in line with the changes to people's lifestyle and the opening of new hotels such as Impiana KLCC & Spa and the soon-to-be-opened Traders Hotel.
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The four-star Concorde Hotel Kuala Lumpur, previously known as Merlin Hotel, was bought by Syed Yusof in 1990 and has undergone some RM100 million in renovations over the years.
The hotel, which ran at an average room rate (ARR) of RM190 last year, expects the rate to be around RM205 this year.
"There is an increasing trend (to open new hotels), which is good. The composition of tourists we are looking at is also the up-market group," he said.
Syed Yusof also owns the 288-room Concorde Inn Sepang, which is running at an ARR of RM90 and an average occupancy of 85 per cent, while the 385-room Concorde Hotel Shah Alam has an ARR of around RM140 and an average occupancy of 55 per cent.
However, Syed Yusof said business at The Lakehouse in Cameron Highlands has about 50 per cent occupancy rate.
Syed Yusof and his team are also behind the success of the Hard Rock Cafe and the Planet Hollywood outlets in Kuala Lumpur. While there are plans to expand the Hard Rock Cafe chain, there are none for Planet Hollywood.
By Vasantha Ganesan
May 5 2006
BusinessTimes
The number of rooms will be reduced to 488 to have
bigger rooms in order to capture the up-market guests
THE Concorde Hotel Kuala Lumpur will undergo a RM40 million refurbishment over the next four years, to better compete with new hotels mushrooming in the city centre.
"We plan to spend RM40 million over the next four years starting this year to upgrade the hotel," Concorde Hotels & Resorts (Malaysia) Sdn Bhd chairman Datuk Syed Yusof Syed Nasir said.
"We probably have to reduce the number of rooms. Currently, we have 575 rooms. We want to reduce the number to 488, and have some bigger rooms in order to capture the up-market guests," he added.
This is also in line with the changes to people's lifestyle and the opening of new hotels such as Impiana KLCC & Spa and the soon-to-be-opened Traders Hotel.
The four-star Concorde Hotel Kuala Lumpur, previously known as Merlin Hotel, was bought by Syed Yusof in 1990 and has undergone some RM100 million in renovations over the years.
The hotel, which ran at an average room rate (ARR) of RM190 last year, expects the rate to be around RM205 this year.
"There is an increasing trend (to open new hotels), which is good. The composition of tourists we are looking at is also the up-market group," he said.
Syed Yusof also owns the 288-room Concorde Inn Sepang, which is running at an ARR of RM90 and an average occupancy of 85 per cent, while the 385-room Concorde Hotel Shah Alam has an ARR of around RM140 and an average occupancy of 55 per cent.
However, Syed Yusof said business at The Lakehouse in Cameron Highlands has about 50 per cent occupancy rate.
Syed Yusof and his team are also behind the success of the Hard Rock Cafe and the Planet Hollywood outlets in Kuala Lumpur. While there are plans to expand the Hard Rock Cafe chain, there are none for Planet Hollywood.
opcorn:
