IJM JV in talks for two foreign hotels in Light City

GEORGE TOWN: IJM Perennial Develop-ment Sdn Bhd (IJMPD) is currently negotiating for a China and a US-brand name hotels to operate in the RM4.5bil Light City mixed development project in Penang, says general manager Tan Hun Beng,

IJMPD is a joint-venture (JV) company between IJM Corp Bhd and Singapore based Perennial Holdings Pte Ltd to oversee The Light City project located next to the first Penang bridge. Tan told StarBiz that the company has allocated a 31-storey building block to accommodate the two hotels and nine-storey offices. Both the four and five-star hotels will have a gross development value of RM650mil and a total of 459 rooms, Tan said.