Plenitude invests RM50mil for upgrading works


Chua: Target occupancy for the hotel is 70

KUALA LUMPUR: Plenitude Bhd has invested RM50mil for the renovation and upgrading of Oakwood Hotel and Residences Kuala Lumpur, previously known as Nomad Sucasa All Suites Hotel.

The Oakwood Hotel and Residence Kuala Lumpur is a mixed-used project consisting of two towers, the 198-unit Sucasa Corporate Apartments and the 252-unit Nomad Sucasa All Suites Hotel.

Both of them have been in operation since the early 1990s.

Plenitude Bhd executive chairman Elsie Chua said that the property was officially closed in July 2015 for refurbishment, and that once it was completed, it will be managed by Oakwood Asia Pacific Ltd.

She was speaking to reporters at the signing ceremony here yesterday.

With the opening of Oakwood Hotel and Residences Kuala Lumpur in September 2016, Plenitude will own six hotels with a total inventory of 1,200 rooms, said Chua.

She said the target occupancy for this hotel was 70%.

The hotels under Plenitude’s belt include Novotel Kuala Lumpur City Centre, The Nomad Serviced Residents Bangsar, Four Points by Sheraton Penang, The Gurney Resort Hotel and Residences Penang, and Glow Penang.

“This agreement also signifies Oakwood’s first property in Malaysia,” Chua said.

Oakwood worldwide has four brands, namely Oakwood Premier, Oakwood Studios, Oakwood Residence and Oakwood Apartments. – Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , Plenitude

   

Next In Business News

Serba Dinamik former chairman Mohamed Nor resigns�
Berjaya Corp denies involvement with Berjaya Investment, warns of scam
WTI-Brent spread narrows as oil market tightens
Ace market bound Nestcon IPO oversubscribed by 57 times
Rubberex proposes RM78.6mil share placement for capacity expansion�
George Kent posts 14-month net profit of RM48.7mil
FBM KLCI falls 16.81 points; 784 stocks in red
Serba Dinamik denies Abu Dhabi contract is a RPT
Record net profit for Comfort Gloves
Cryptocurrencies tumble amid China crackdown on bitcoin miners

Stories You'll Enjoy


Vouchers