Finally, St Regis to transform Kuala Lumpur skyline
By Racheal Lee Friday, 29 October 2010 18:50
the St Regis Kuala Lumpur, which involves a RM1.2 billion investment. Offering 208 hotel rooms and 160 serviced apartments in KL Sentral, the building will be managed by six-star luxury hospitality brand St Regis.
St Regis Kuala Lumpur will have a total development area of 1.4 million sq ft and will be developed by One IFC Sdn Bhd, a joint venture between CMY Capital and Malaysian Resources Corp Bhd (MRCB). CMY Capital is wholly owned by prominent businessman Tan Sri Chua Ma Yu, while MRCB is the master developer of KL Sentral.
ONE IFC Sdn Bhd CEO Carmen Chua believes that the development’s proximity to the KL Sentral transportation hub will contribute to its success.
She expects the hotel to attract a historically untapped market of high-income tourists as the St Regis brand caters to heads of states, diplomats, dignitaries and captains of industry.
“St Regis Kuala Lumpur will create a new benchmark in the hospitality industry and service sector and it will be a new landmark in the country’s international tourism promotion.
“It will have 200,000 sq ft of convention facilities and we will be one of the hotels with rooms that are among the largest in the world. Construction will begin next month and it is scheduled for completion and opening in November 2014. We are now at the final stage of getting the approval,” she told The Edge Financial Daily.
