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Taragon Capital Malaysia Sdn Bhd Contracts StayWell Hospitality Group to Brand
and Operate a New 445-room Hotel in Kuala Lumpur -
the Park Regis Kuala Lumpur

 
August 23, 2010 - StayWell Hospitality Group, the owner and operator of the Park Regis and Leisure Inn brands today announced a new agreement to operate an international 4 star hotel in Kuala Lumpur, Malaysia. Scheduled to open in the first half of 2011, Park Regis Kuala Lumpur will be StayWell Hospitality Group’s first hotel to open in Malaysia.

The property’s owner, Taragon Capital Malaysia Sdn Bhd (a member company of Bluestone Group Malaysia), has engaged StayWell Hospitality Group’s experienced team to provide management services for the hotel both throughout its development and from the date of opening. 

The hotel is centrally located in Kuala Lumpur’s Golden Triangle adjacent to Berjaya Times Square, Chinatown and Jalan Bukit Bintang, and less than 1 kilometre from the city centre. 

The brand new 27 storey hotel will comprise 445 rooms generously sized from 35sqm to 120.3sqm - including Studios, One and Two Bedroom Suites and Presidential Suites, all with unique and stylish interior designs. 

Park Regis Kuala Lumpur’s key features and services will include conference and banquet facilities, seminar rooms and a business centre and business lounge spanning over two levels, restaurant and bar, swimming pool, fully-equipped gym and sauna and a security car park for 133 vehicles.

The Group’s Chief Executive Officer, Mr Simon Wan, said that the latest announcement is particularly exciting as it reinforces StayWell Hospitality Group’s international expansion strategy.

“Malaysia, with Kuala Lumpur in particular, is such a vibrant destination – quite fitting as the latest location for a Park Regis property to launch. We are very excited about the addition of this property as this represents a strategic geographic location for our hotel network in the region, particularly considering the soon to open Park Regis hotels in Singapore and Dubai.  

“In addition to Park Regis Kuala Lumpur, we are currently in the process of finalising arrangements for additional hotels in Asia and the Middle East. The expansion of StayWell Hospitality Group’s portfolio of properties has certainly picked up pace over the last 9 months and I have no doubt we’ll soon be a significant player in the market – particularly in the Asia/Pacific region,” he said.

StayWell Hospitality Group

Based in Australia, StayWell Hospitality Group (SWHG) is one of the largest independently owned hotel management groups in the Asia Pacific.  SWHG has a network of 21 properties in the Asia Pacific Region with locations including Sydney, Melbourne, Brisbane, Cairns, Townsville, Hobart and Launceston as well as properties currently under development in Singapore, Dubai, Morocco and New Zealand. In addition, the group is currently setting up hotel operations in China and India in order to capitalise on the explosive growth potential of these two countries. Together with its group of investors and shareholders, SWHG has equity and/or ownership interests in 16 of its 21 hotels, committing a large amount of investment resources throughout its hotel network.

SWHG operates two high profile hotel brands - Leisure Inn and Park Regis. Each brand offers guests a quality hotel experience within distinctive sectors of the accommodation market.

The Park Regis brand is a quality accommodation product and aims to deliver up-to-date features, innovative technologies and welcoming service. Park Regis properties are centrally located offering accessibility and a prime position to attend to business or act as an ideal base for sightseeing and leisure activities.

The Leisure Inn brand encapsulates what guests want and deserve from a quality hotel product. Each hotel in the portfolio offers value-for-money accommodation with all hotels being located in truly unbeatable locations with exceptionally comfortable rooms, modern facilities and friendly and welcoming staff. Leisure Inn offers economy and budget accommodation around Australia.

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Contact: 

Rachel Pirie
Group Director of International Sales & Marketing
StayWell Hospitality Group 
PH: +61 2 8198 9220
E: rpirie@staywellgroup.com
 

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Also See: MGPA Asia Developments and Hilton Worldwide Complete Conversion of the Former Crown Princess to the 540-guest room, 34-storey Doubletree by Hilton, Kuala Lumpur / August 2010
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