Based on the news report, a proposed four- or five-star hotel with 352-ROOM hotel, an exhibition and convention centre along with commercial lots will form the third and fourth phases of the RM1.1 billion Penang Times Square development in Penang Island
The project, which is being carried out by Ivory Properties Group, will also feature a cineplex and luxury condominiums, its executive director Datuk Seri Nazir Ariff Mushir Ariff said.
"We are talking to several parties and hope to sign up with an investor for the hotel by the end of the year," he told a media briefing in Penang.
Nazir said it will either get the investor to buy up the 325-room hotel, or get a long-term operator to manage it. "The proposed four- or five-star hotel will occupy 0.96ha of land and we intend for it to house resort and spa facilities and services."
The property developer, which is awaiting final approval from the Securities Commission for an initial public offering, will launch the shopping mall portion of Penang Times Square on February 6 under the first phase.
On the proposed exhibition and convention centre which comes under the third phase of the project and set to break ground by 2012, Nazir said: "Our plans are for it to occupy 80,000 sq ft, but if necessary we can expand it up to 150,000 sq ft and this will give us a pillarless convention hall.
"We also hope that the hotel operator will be able to run the convention centre in order to ensure that high standards are maintained."
Penang Times Square sits on 5.2ha site where one of the country's oldest smelting operations - Escoy Smelting Sdn Bhd - once stood.
About 0.8ha has been earmarked by Ivory Properties for an urban open space and heritage museum.
Subscribe to:
Post Comments (Atom)
Popular Hotels
-
Corum View Hotel is located at Bayan Baru of Penang Island. Wireless Internet access is complimentary in public areas. Corum View Hote...
-
The Cathay Hotel, is located at the Leith Street, Georgetown of Penang Island. It is a white colonial building gives their guests an exp...
-
This Homestay Package might no longer available. Do refer to other nearby hotels as below : - Audi GuestHouse - Balik Pulau Lodge - B...
-
Cozy Home Inn is a guest house in the historic city of George Town, Penang Island. Cozy Home Inn contains 13 rooms and is located in a 3-...
-
Paramount Hotel is located beside a beautiful Sea Frontage in downtown of Penang Island. Paramount is a well kept bungalows that provide...
-
Little Nature Penang Homestay is located in Georgetown of Penang Island. Free Wi-Fi access is available in the entire property. Featur...
-
The Georgetown Hotel of Penang is located in Jalan Larut, Georgetown of Penang Island. This budget hotel features 49 guest rooms inclus...
-
THE new four-star St Giles Wembley Hotel and three-star Cititel Express Penang located in the heart of George Town are expecting about 60...
-
Four Points by Sheraton Penang (Formerly known as Tanjung Bungah Beach Hotel) is located at Tanjung Tokong of Penang Island. It has...
-
Straits Quay Marina Suites is a luxury service apartments at the heart of Seri Tanjung Pinang, Tanjung Tokong of Penang Island. The S...
No comments:
Post a Comment