Kuala Lumpur: Hotel chain InterContinental Hotels Group (IHG) has signed a management agreement with LQ Retail Sdn Bhd to open a 471-room Kimpton Hotels & Restaurants in 2023 at The Exchange TRX. It will be Malaysia’s first Kimpton hotel.
The San Francisco-based Kimpton Hotels & Restaurants pioneered the concept of unique, distinctive, design-forward hotels in the US and currently operates more than 70 hotels and 85 restaurants, bars and lounges across urban locations, resort destinations around the world.
The hotel will be located within the 17-acre mixed integrated development being developed by Australian property and infrastructure group Lendlease, via a joint venture.
LQ Retail Sdn Bhd is a joint venture between Lendlease and TRX City Sdn Bhd, the master developer of the international financial district TRX.
IHG managing director of South-East Asia and Korea Rajit Sukumaran said IHG was excited to be partnering with LQ Retail to bring its brand of heartfelt approach to hospitality with Kimpton Hotels and Restaurants to Kuala Lumpur as it expands across the region into new markets.
“We believe the ‘dream’ element of experiential travel will become even more important once people can travel again and this hotel will deliver a great boutique experience to those guests, ” Rajit said in a press release.
Lendlease chief executive officer Asia Tony Lombardo said Lendlease’s strength lies in creating city-shaping developments and connected communities around the world.
“The Exchange TRX is one of our largest urban regeneration projects globally and is conceived to be a new experiential lifestyle destination in Kuala Lumpur.
“Kimpton Kuala Lumpur Hotel’s strong propositions in providing for immersive guest experiences and creating genuine human connections are perfectly aligned with our vision for The Exchange TRX, ” Lombardo said.
The hotel will have three food and beverage outlets including a rooftop bar and restaurant and a deli-grocer café.
TRX master developer TRX City Sdn Bhd chief executive officer Datuk Haji Azmar Talib said he is delighted to welcome IHG into the city’s financial centre.
He said Kimpton Hotels & Restaurants’ unique identity and proposition will create a vibrant, lively, and inclusive experience that mirrors TRX’s identity as a district.
“We are certain that it will further elevate KL city’s hospitality offerings with its brand of casual luxury, ” Azmar said. Other than Kimpton, the financial centre will have a second hotel.
As Malaysia’s first international financial district and Kuala Lumpur’s future commercial business district, TRX will strengthen Kuala Lumpur’s position as a leading centre for international finance and business, Azmar said. The financial district’s masterplan combines sustainability, attractive public realm and great connectivity to create an urban ecosystem at the heart of Kuala Lumpur.
The Exchange TRX sits at the heart of this district, which is benchmarked against top global financial centres such as London’s Canary Wharf, Singapore’s Marina Bay and Hong Kong’s International Commerce Centre.
Kuala Lumpur’s Kimpton will be part of the five million sq ft gross floor area being developed by LQ Retail which will have a gross development value of RM9.3mil (AU$3bil).
Besides the retail mall with a net lettable area of 1.33 million sq ft, the Kimpton Hotel, the mixed integrated development will also have six blocks of TRX Residences totalling 2,400 units of serviced apartments. The first block was launched last year.
The residences are scheduled to be completed between the third quarter of 2023 and 2026. The Exchange TRX will be completed in stages between 2022 and 2025 and will be seamlessly integrated with a 10-acre public park.
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