In four years time, a five-star hotel with an international convention centre is set to be built by the CP Land group in Bayan Lepas of Penang Island.
The group's executive director Datin Jane Yeo said the proposed hotel will be the second one built by the company within its waterfront 'Queensbay' development in Bayan Lepas, following the opening of its RM130 million Eastin Hotel Penang.
"The (Penang) chief minister (Lim Guan Eng) has been encouraging us to build a convention centre here," she told reporters after Yang diPertua Negeri Tun Abdul Rahman Abbas officiated at the opening of the 328-room business hotel, Eastin Hotel.
Present was CP Group's executive chairman Datuk Tan Chew Piau and the hotel's manager Mary Ann Harris.
Yeo said the proposed hotel will form part of the 30ha Queensbay masterplan, of which 14ha has so far been developed.
The Eastin Penang is the second hotel of the Eastin Hotel chain, following the Eastin Hotel Petaling Jaya.
Yeo said in expanding the Eastin brand of hotels, the CP Group is looking at managing and entering into joint ventures overseas.
"We would like to carry the Eastin brand abroad and are waiting for the right fit," she added.
Harris said since its soft opening in November 2009, the hotel has been enjoying an average occupancy of 78 per cent.
The CP Group began operations in 1972, with interests in cons-truction, telecommunications and hospitality.
The company is responsible for the revival of the failed Bayan Bay project.
The development, helmed by Bayan Bay Development Sdn Bhd in a joint venture with the Penang Development Corp, stalled in 1998 as a casualty of the Asian financial crisis. CP Group signed an agreement with Bayan Bay Development to take over the project in 2003.
Yeo said the overall development cost for the Queensbay development so far had hit the RM1 billion mark.
"We should be launching Parcel 4 of the project, comprising high-end condominiums, by the end of this year or early 2011," she said.
Yeo also said that for the component of the project, which was set to feature waterfront homes, the company is making changes by changing its density.
Subscribe to:
Post Comments (Atom)
Popular Hotels
-
Regency Home is a unit in the Straits Regency that is located in Tanjung Bungah of Penang Island. Straits Regency consists of a block ... -
Super 8 Hotel is located at Tye Sin Street, Georgetown of Penang Island.It is a business class hotel that offers business and leisure tr... -
New Hope Inn is located at the main road of Tanjung Bunga of Penang Island. It is easy access to Batu Ferringhi, Gurney Drive and Georg... -
DeView Hotel If you're planning a trip to Penang and looking for a place that offers both comfort and a taste of local culture, DeView H... -
The Crag Hotel in Penang Hill of Penang Island will be renamed as Amancrag Resort after the restoration, refurbishment, redevelopment in fut... -
Shanghai 1910 Heritage Hotel is a located at Campbell Street, Georgetown of Penang Island. It has eight spacious rooms that are spread... -
The Cathay Hotel, is located at the Leith Street, Georgetown of Penang Island. It is a white colonial building gives their guests an exp... -
Corum View Hotel is located at Bayan Baru of Penang Island. Wireless Internet access is complimentary in public areas. Corum View Hote... -
Towne House Hotel is a budget hotel that is located at Georgetown of Penang Island. It is around 3 km to the Komtar. This hotel has the fac... -
Annie's Homestay is a double storeys house located at Jalan Sungai Emas, Batu Ferringhi of Penang Island. This property provides...
No comments:
Post a Comment