http://www.propertyguru.com.my/property-ne...hotel-in-pahang

January 27, 2016

According to KB Group (Malaysia) managing director Datuk Roslan Khalid, the firm is planning to expand its business in hotels and resorts segment in a 20-acre site in Pahang, reported The Sun Daily.

“Besides focusing on Ramada Lumut Resort and Ipoh Hotel & Convention Centre, we will be looking at more hotels and resorts in the coming years. That’s how we are going to position ourselves,” he stated during the signing ceremony with hotelier Wyndham Worldwide yesterday.

“Located strategically between Pekan and Kuala Rompin, this upcoming five-star boutique hotel will have a total of 120 rooms. The hotel will have recurring income and the work on the hotel will be commenced next year,” he added.

The firm signed a franchise agreement with Wyndham Worldwide yesterday, granting the hotel management services of Ramada Lumut Resort in Perak.

Being the first four-star hotel in Perak, the 4.7-acre project is the firm’s first luxury investment project with a gross development value of RM455 million.

“There are plans to expand the resort into an integrated development and details of the master plan are being discussed at the moment. The project will be funded via internal funds (RM10 million) and bridging finance from Maybank (RM37 million),” said Roslan.

This post has been edited by danielmckey: Feb 21 2017, 10:47 AM