BND Global Development will develop the 300-room hotel in Roppongi, Cyberjaya, while Container Hotel Group and Everly Group will jointly manage the international youth hotel’s operations for 10 years, with an option to extend for a further five years.
The hotel is expected to welcome its first guest in 2020.
The integrated Roppongi will comprise educational, residential, commercial, hotel, office and retail precincts. It will house a SEGi College, Cyberjaya University College of Medical Sciences as well as an international school.
Multimedia University is also sited within the vicinity.
BND Global Development CEO Vincent Fong said the 24.7-acre Roppongi is ideal to house this hotel.
“As Malaysia’s educational township, Roppongi will provide a pleasant environment for students to study, work and play.”
Container Hotel Group CEO Ryan Loo said the group is optimistic of getting a high occupancy rate for the hotel with so many varsities located in and around Roppongi.
“We are offering affordable luxury – it could be just a night or for a whole year,” he added.
“We will lease out the rooms to cater to the needs of the guests, regardless if it is on a daily, monthly or yearly basis. We could also draw up a package to let out the rooms according to their academic semester.”
Everly Group CEO Dennis Tan noted that the hotel will offer a full range of services, including 24-hour housekeeping, F&B outlets and recreational facilities such as swimming pool and gym.
“We believe we will be able to offer affordable luxury to our guests, and their stay here will enhance their study and work experiences.”
Everly Group manages the Everly and Prescott hotel chains in Malaysia.
“We believe that it is good business to invest not only in buildings, but in communities itself. It is only with the presence of a sustainable community that we can ensure our business, too, is sustainable in the long run,” said Fong.
News Source: The Edge Property, 18 January 2016