Companies ink deal for Monopoly hotel

  • News
  • Friday, 13 Apr 2018

(Standing on stage, from left) Yap and Teoh at the group purchase signing ceremony.

(Standing on stage, from left) Yap and Teoh at the group purchase signing ceremony.

M101 Holdings Sdn Bhd held a group purchase signing agreement worth RM88mil with ANB Group for M101 Bukit Bintang which will house the world’s first Monopoly hotel, Monopoly Mansion by Sirocco.

Offering built-ups up to 872sq ft, the units are priced at RM1,800 per sq ft.

M101 chief executive officer Datuk Seth Yap said, “We are very pleased that in less than a month since we have licensed Monopoly from Hasbro, we have sold more than 80 units internationally. This is a testament of the market’s confidence in our brands, both M101 and Hasbro.

“We have also received significant interest from Hong Kong through another partner agency, Metrohomes. Overall, we are only opening 100 units for sale.

“Due to overwhelming interest, we are reserving 10 units for the local market so that Malaysians will also have an opportunity to be part of the World’s first Monopoly-themed hotel.

“I would like to take this opportunity to thank all our partner agencies for their confidence in us. The group purchase was the fruitful efforts of ANB Group, which also recently signed an en bloc purchase of RM100mil for M101 Skywheel,” he added.

Situated at Bukit Bintang in Kuala Lumpur, Monopoly Mansion by Sirocco, Kuala Lumpur, will feature 255 rooms.

The overall look and feel of the hotel will resonate with the distinctive character of Mr Monopoly’s energetic, charming, experienced and successful lifestyle with a 1920s Gatsby feel, harkening back to Monopoly’s origins.

The hotel will also have thematic facilities, a bar and restaurant.

Present at the signing ceremony were ANB Group chief executive officer Datuk Jay Teoh and chairman Datuk Amin Mohd Rafie.

“We are very pleased to be given the opportunity to work with M101. ANB Group truly believes in the potential of M101’s projects, at such, we had the confidence to secure a group purchase option with the developer.

“This allowed us to offer a special discount to our purchasers which encouraged them to make payment of more than 80% upon signing the sale and purchase agreement,” said Teoh.

Central Region , M101 , Monopoly Mansion