Paramount ventures into hotel development


Deal sealed: (from left) Chew, Lasseters International CEO Paul Wong and AccorHotels vice-president, development, and executive director, Indonesia-Malaysia, Rio Kondo exchanging the documents.

PETALING JAYA: Paramount Corp Bhd is setting foot into hotel development and ownership, with the property developer set to build a four-star Mercure Hotel at its university metropolis township in Shah Alam.

The group said the hotel is the final part of its integrated development at Utropolis Glenmarie, and is expected to open its doors by 2019.

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