8 Conlay's Kempinski Hotel recognized as entry point project by Pemandu
March 11, 2016
Published on Mar 11, 2016
New Five-Star Luxury Kempinski Hotel Will Attract More High Yield Tourists
KSK Land Sdn Bhd (KSK Land), the property arm of KSK Group Berhad, opens 2016 on a high note with Kempinski Hotel Kuala Lumpur, a part of 8 Conlay development, gaining recognition by Ministry of Tourism & Culture as one of the Entry Point Projects (EPP) under the Tourism National Key Economic Areas (NKEA) in Malaysia’s Economic Transformation Programme (ETP).
Kempinski Hotel Kuala Lumpur is expected to provide 260 five-star hotel rooms and 300 serviced suites in a 68 story tower that will woo international tourists and investors seeking an intimate, quality tourism experience.
Commenting on the recognition, KSK Group Berhad Chief Executive Officer and KSK Land Managing Director, Joanne Kua, said, "KSK Land is pleased to receive this recognition from the Malaysian Government. We believe the hotel component of 8 Conlay will help to support the nation's goal of targeting more discerning travelers to spur growth for the nation's tourism sector."
Kempinski Hotel Kuala Lumpur, which is expected to open its doors on New Year's Day 2020, will provide more than 700 new job opportunities while committed investment value, excluding land cost, is expected to be about RM360 million. The project will also contribute positively to the nation's Gross National Income (GNI).
Commenting on Kempinski's first property in Malaysia, Kempinski Hotels' Chief Executive Officer, Alejandro Bernabé said, "Kempinski is proud to partner with KSK Land and expand the group's presence in Malaysia. At Kempinski, we consider each new potential project on an individual basis, and we aim to grow our portfolio very selectively. For example, we need to ensure we share the owner's vision for a new hotel, or if the destination will appeal to our existing, loyal client base, and we want to ensure that Kempinski is positioned as the market leader, or make it so unique that it cannot be compared to other hotels in the destination."
"In this respect, we are looking into a bright future in Southeast Asia in general, and in Malaysia and Kuala Lumpur in particular. Kuala Lumpur is part of our development strategy and Malaysia holds one of the best economic records in Asia with a GDP growing at an average of 5 per cent per annum for almost 50 years," Bernabé explained.
For more information about 8 Conlay and Kempinski Hotel, please visit 8conlay.com.