Not like Alila specifically wants to open here also. What is the BIG HYPE about this?
Keystone builds this building. The developer has got x amount of floors to themselves. They hire Alila group to manage these x amount of floors while the remaining floors are sold to the public. The developer is paying management fees to Alila and in what world would Alila turn down this free 5/10 years of contractual fees? This is how hotel makes money. The more people approach them for management services, the higher their revenue is.
Lol.. I won't be surprised to see the developer sells the hotel units out once the contractual agreement with Alila ends if this project fails.
Take my note. It's not that Alila wants to move here. Fact is that the developer approaches Alila themselves. Lol there is a Hilton in Puchong Perdana. How about that? Premium feel to you also? ๐๐
SO MANY developers are doing this in Malaysia today okay? And so many international hotel brands in the world are laughing their way off to the banks.
Developers are smart. They pay management fees to an international hotel brand, creates an attraction to the public, make their money and leaves if the project fails, very likely to fail for this Establishment imo. I won't be surprised if the hotels units are turned into offices or some lower grade hotels like Peal Hotel (all the sexy ayam will be working below the residents) or god know what in the future.
There is no parking provided and you all should take that into a deep consideration in the very first place when purchasing projects like this!
124 units of hotel rooms managed by Alila. Guys?? So obvious that developer is pulling off the Law of Attraction card. I mean 124 rooms? You kidding me? I hope that Alilia hotel is not the main reason why you purchased this project.
I am very well aware that the purchasers are taking KL Sentral which is just a station away into one of the reason to purchase this project too. Lol.. look at the incoming supply of residences storming into KL Sentral where Nu Sentral/cinemas or whatever are just there itself. Who are yr target tenants? Sentral Residence was launched at 1k per sq ft 4 years ago before discount and located right beside St Regis which is even more premium than this.
Just my humble opinion. I am out before all the Alila doe hard fans shoot me. Congrats on yr purchase and good luck.
Ini macam Dynasty Hotel in Jalan Ipoh in the making ๐
This post has been edited by mthc: Jul 17 2015, 09:37 AM
The Establishment, KL, studio, two-bedroom units fr 445-838sqft
Jul 17 2015, 09:00 AM
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