KL Midtown Sdn Bhd Announced Hyatt Regency Kuala Lumpur KL Metropolis
Hap Seng Consolidated Berhad partners with Hyatt Hotel Management Limited for Hyatt Regency Kuala Lumpur
Kuala Lumpur – 11 January 2020: Hyatt Regency Kuala Lumpur at KL Midtown is the latest milestone to be announced at KL Metropolis, further cementing its vision as the city’s next great neighbourhood and business address. A result of a strategic partnership between KL Midtown Sdn Bhd (a joint venture company by Hap Seng Consolidated Berhad and TTDI KL Metropolis) and Hyatt Hotel Management Limited, Hyatt Regency Kuala Lumpur is targeting to open in 2024.
The illustrious brand will be the hotel component of KL Midtown, a RM3.8 billion joint development between Hap Seng Consolidated Bhd and TTDI KL Metropolis Sdn Bhd, a subsidiary of Naza TTDI Sdn Bhd; the master planner for the 75.5-acre KL Metropolis. Located within KL Metropolis, KL Midtown spans 8.95 acres and will include a hotel, luxury residences and retail podium developed by KL Midtown Sdn Bhd, the 70-30 joint venture company formed under a development rights agreement between Hap Seng and TTDI KL Metropolis in 2016.
When completed, the hotel will include four food and beverage destinations, including a market café, Japanese restaurant, bar, Regency Club and lobby bar. It will also incorporate 2,000 square meters of meeting space including a 1,000 square meter grand ballroom, an outdoor swimming pool and a fitness center.
As the first Hyatt Regency in Kuala Lumpur, this luxurious hotel is being designed by acclaimed Japanese architect, Kengo Kuma, whose prestigious projects include the New National Stadium, Tokyo, where the upcoming 2020 Summer Olympics will be held, as well as the Bamboo Wall House in China, the LVMH Group’s Japan headquarters and one of the largest space in the Caribbean for Mandarin Oriental Dellis Cay.
Taking place at the Grand Hyatt Kuala Lumpur, the signing ceremony on behalf of the parties were Dato’ Jorgen Bornhoft, Chairman of Hap Seng Consolidated Bhd and David Udell, President of Hyatt Asia Pacific, witnessed by Kengo Kuma and SM Faliq SM Nasimuddin, Deputy Executive Chairman and Group Managing Director of Naza TTDI.
KL Metropolis is expected to play an important role as a key area of growth in the business tourism sector, especially in the Klang Valley. As one of the most ambitious and transformative developments in the history of Kuala Lumpur, the mega project combines residences, hotels, retail, entertainment attractions and offices spanning 75.5 acres, with a GDV of RM20 billion. Not only will KL Metropolis be a place to work, live and play, it will be a new ecosystem to grow, connect and thrive.