Wednesday, November 08, 2006

Parkroyal may expand to east Malaysia

Parkroyal may expand to east Malaysia
By Yeow Pooi Ling

KUALA LUMPUR: The Parkroyal hotel chain is expected to expand to Thailand and Indonesia, said Parkroyal Hotels & Resorts executive director Wee Wei Ling.
Locally, the group intends to have a presence in east Malaysia. “We're still looking. The property must be compatible with us,” she told a press conference yesterday.

Wee Wei LingThere are currently five Parkroyal hotels in South-East Asia: two in Singapore, two in Malaysia and one in Myanmar.

The Parkroyal brand is managed by Parkroyal Hospitality Management Pte Ltd, a wholly-owned unit of Singapore-listed Hotel Plaza Ltd, which owns the Parkroyal Hotels & Resorts brand name.

The group expected to acquire the brand rights for the Pacific region in 2010, following which the Parkroyal brand would be able to enter Australia and New Zealand, said Parkroyal Hotels & Resorts sales and marketing vice-president Christina Chua.

She added that the group was anticipated to spend more than the intended capital expenditure (capex) of RM110mil allocated in the last five years for the upgrading and refurbishment of hotels in Malaysia.

In 2003, it spent RM65mil to refurbish Parkroyal Kuala Lumpur and another RM25mil for Parkroyal Penang. It recently completed additional RM2mil upgrading works at Parkroyal Penang and is expected to spend a further RM20mil to develop a new 78-room wing at Parkroyal Kuala Lumpur.

Christina ChuaChua said details of the extra capex would be announced later.
Wei said the new wing, to be called “Orchid Club”, would occupy the third to fifth floor of the hotel's podium block. The sixth floor would be converted into “Orchid Club Lounge”, comprising a landscaped, 7,000-sq ft indoor and outdoor facility for the exclusive use of guests in the new wing.

The new wing was expected to be completed by mid-2007, she said, adding that occupancy rate was likely to remain favourable at some 85% next year for its hotels in Singapore and Malaysia.
The St Gregory spa brand, which was integrated in its Penang hotel last month, would also be available at the Kuala Lumpur premises by mid-2007, Wei said.
The Malaysian operations contribute 29% to group revenue for the January to September period.

News Source : STAR

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