Image source: thestar.com.my
KL Midtown within the KL Metropolis, a product of the 70:30 joint venture between Hap Seng Consolidated Bhd and Naza TTDI Sdn Bhd, has on the 11th of January reached a new milestone with the entry of the Hyatt Regency Hotel.
The world-renowned hotel chain in KL Midtown was designed by Japanese architect Kengo Kuma, whose portfolio includes projects such as the Bamboo Wall House in China, the New National Stadium in Tokyo, and the LVMH Group’s headquarters in Japan.
KL Midtown is an RM3.8 billion project that is located on 8.95 acres of prime land within proximity of areas such as Damansara Heights, Mont Kiara, and Bangsar. Located within KL Metropolis, tenants of this project will be sited within an integrated hub of residences, retail outlets, entertainment centre, hotels, offices, and the Malaysia International Trade and Exhibition Centre (MITEC).
Wholly owned by Hap Seng, Hap Seng Land Development Sdn Bhd had in 2016 signed an agreement to jointly develop the land with TTDI KL Metropolis Sdn Bhd, a wholly-owned unit of Naza TTDI. And on the 11th of January, a management agreement was inked between Hap Seng chairman Datuk Jorgen Bornhoft and Hyatt Asia Pacific president David Udell.
In a statement to the New Straits Time, Naza TTDI Deputy Executive Chairman and Group Managing Director SM Faliq SM Nasimuddin stated that Hyatt Regency would provide a boost to KL Metropolis.
“Its presence signifies the trust and confidence that this global hospitality brand has in KL Metropolis, an upcoming neighbourhood that we envision will bring trade, commerce, living, and leisure together.”
He further added that the presence of Hyatt Regency would add value to MITEC in KL Metropolis, which is in line with their aim to position MITEC as the meetings, incentives, conferences and exhibitions gateway in Southeast Asia.
“We hope to see the presence of more international and globally renowned brands in KL Metropolis that will spur the growth of the area as an international trade destination.”
(16 January 2020)
