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Pan Pacific Hotels and Resorts Undertaking $50 million in Renovations at Most Every Property in Portfolio

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San Francisco, CA - July 12, 2004 -  With business conditions around the world rebounding, and an overall positive outlook for future business growth, Pan Pacific Hotels and Resorts is planning ahead for the company's own growth with development plans and renovations at most every property in the company's portfolio.

Totaling approximately $50,000,000, and ranging from $150,000 to nearly $20,000,000 per property, the details on the individual property renovations are summarized below.  

Pan Pacific Whistler, Canada:  Recently completed at the cost of nearly CDN$980,000 (or approximately USD$757,000), this property features two enhancements, namely the 650 square foot, mountain view Singing Pass Meeting Room and a new Pacific Suite, for the exclusive use of Pan Pacific guests.  In addition, guest rooms will receive CDN$185,000  (or approximately USD$143,000) of refurbishment in 2004, including new pillow top mattresses, dishwashers, wooden blinds and premium towels.

Pan Pacific San Francisco, United States:  This recently completed $4,000,000 renovation includes a remodel of all 338-guest rooms as well as the construction of an entirely new 2,000 square foot, 21st floor meeting venue.  Room enhancements include flat screen TVs, Herman Millar desk chairs as well as new soft goods, Sealy Posturepedic Celestial 120 cushion firm mattresses and LOC Digital Wall in-room safes.
 

Mauna Lani Bay Hotel & Bungalows: This $10 million refurbishment project includes construction of an entirely new $3.5 million indoor/outdoor function pavilion as well as renovation of and interior upgrades to the grand ballroom and meeting rooms as well as refurbishment of all guest rooms and suites.  Completion is expected by December 2004.

Pan Pacific Vancouver, Canada:  This Five Diamond hotel has recently completed a CDN$3 million (or approximately USD$2,320,000) rooms renovation project for all of the property's 465 guest rooms, including installation of 27" flat screen Phillips TV's, new lounge chairs, large birdeye maple desk tops, new bathroom amenities, new artwork and mirrors, upgraded lighting and new E rooms with high speed Internet service.  With an expected availability for the first quarter of 2005 and at a cost of CDN$2 million (or approximately USD$1,545,000), the hotel will boast an additional 15,000 


Mauna Lani Bay Hotel & Bungalows
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Palau Pacific Resort, Micronesia
square feet of function space as well. New lobby furniture will be installed in October complementing the recently installed entrance level carpet.

Pan Pacific Singapore, Singapore:  The S$5,000,000 (or approximately USD$2.85 million) remodel includes upgrades to the main entrance and lobby, renovation of the fitness centre/spa, new landscaping at the pool deck, installation of wireless broadband Internet throughout the entire hotel, new Herman Millar "Aeron" desk chairs in all guests rooms as well as the conversion of the 22nd floor into an Executive Business/Conference Centre - a business concept floor that provides a wide range of business services with meeting and private lounge facilities.

Pan Pacific Sonargaon Dhaka, Bangledesh:  A comprehensive, overall upgrade, this $20,000,000 refurbishment includes renovation of the 304 guest rooms and all public areas. Additionally, the hotel will have a new 600-space subterranean car park to accommodate more cars.

Pan Pacific Glenmarie Kuala Lumpur, Malaysia:  Budgeted at approximately $5,000,000, this resort is in the process of upgrading all 264 rooms as well as the restaurants and function rooms. This renovation will also include a 20,000 square foot Therapeutic Spa.

Puteri Pan Pacific Johor Bahru, Malaysia:  With refurbishments of $700,000, this project entails renovation of the 300 guest rooms and 12 corridors, upgraded PABX system, high speed Internet and Astro TV.

Pan Pacific Kuala Lumpur, Malaysia:  Budgeted for approximately $1,800,000, refurbishments are planned for the Panoramic Rooms, Pacific Floor Rooms, the Coffee House, Ballroom, Front Entrance Garden, elevators, escalators and swimming pools.

Pan Pacific Kuala Lumpur International Airport, Malaysia:  This RM4,200,000 (or approximately USD$1,150,000) project includes new carpet for the lobby area, guest rooms, corridors and health center.  Additionally, new wallpaper adorns the guest rooms, while new upholstery enhances furniture and window coverings.

Pan Pacific Manila, Philippines:  Budgeted at P12.8 million (or approximately USD$230,000), refurbishments feature upgrades to the property's health, fitness and leisure facilities including the hotel's swimming pool as well as the upcoming construction of a new gym. Additionally, a new elevator is being constructed for the convenience of guests visiting the adjoining podium shopping and dining complex.  The renovation also includes re-upholstery and repainting of suites and rooms and remodeling of the Business Center. All IT systems, including Internet connections, have also been upgraded with the installation of fiber optic connections enabling up to 10Mbps of high speed broadband service. 

Pan Pacific Yokohama:  As the Pacific Floor's centerpiece, this property's
Pacific Lounge will receive a $500,000 renovation.

Pan Pacific Bangkok, Thailand:  Budgeted at approximately $155,000, the renovation is primarily internal and heart of the house, including upgrading elevator cables, boiler pump feed and water pipes.

Sari Pan Pacific Jakarta, Indonesia:  With an approximate budget of $325,000, upgrades are primarily operational, including new Fidelio software for the front office, replacement of PABX equipment and new bomb blast film for plate glass on the entire front of the hotel lobby.

Palau Pacific Resort, Micronesia:  Another heart of the house refurbishment, this project is budgeted at $979,000 and includes upgrades to existing hot water pipelines to provide better flow of hot water to the Ocean View Rooms.

Pan Pacific Hotels and Resorts currently encompasses 22 hotels (15 managed properties and 7 marketing affiliates) in 11 countries in Asia, the Pacific and North America.

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Contact:
Molly Cahill
(925) 631-7971
mocahill@aol.com
www.panpacific.com

 
Also See: Pan Pacifics' President, Ichigo Umehara Holding True to Tradition of Differentiating Hotels and Resorts by Celebrating the Diversity of Each / Aug 2002
Pan Pacific Vancouver Appoints New Managers / March 2002
The Pan Pacific Hotel Vancouver Trains 20 Staff as Cyber Buters To Coincide with Installation High Speed Internet Access / Nov 2001


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