PROPERTY developer Plenitude Bhd is committed to long-term investment in its first beach hotel, Tanjung Bungah Beach Hotel Penang, a move it expects will prove beneficial to the company.
”Although we were very much affected during the SARS outbreak, we believe investing in this hotel will prove beneficial. However, we must be cautious in the hospitality industry, especially when we are a property developer,” its executive director Zulkarnine Shah said at a recent press conference.