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Malaysia's KIP Group moves into hotels
S Puvaneswary, Kuala Lumpur, August 28, 2013

LOCAL developer Kepong Industrial Park (KIP) Group is expanding into the hospitality space, with the Group's first hotel KIP Hotel scheduled for completion in mid-2015.


Valerie Ong, director of KIP Group of Companies, said the property would be located in the commercial district of Sri Utara in Kuala Lumpur and operated by The Lexis Hotel Group, whose management portfolio includes Grand Lexis Port Dickson and Lexis Port Dickson.


Said Ong: “KIP Hotel will boast 199 rooms and will be positioned as a premier three-star hotel with four-star service. The ARR is RM180++ (US$55) per night.”


Hotel amenities will include a rooftop bar, show kitchen café, business centre, banquet hall, infinity pool, fitness centre and conference facilities.


In the meantime, two more three-star hotels are in the pipeline – the 250-key KIP Sentral in Sepang and another property to be located in Malacca that is still being planned, according to Ong.


Yap Boon Teck, CEO, KIP Group of Companies, revealed that KIP Sentral is aiming to open by 2016 and will be located approximately a 10-minute drive from Kuala Lumpur International Airport.


KIP Group’s portfolio includes property investment and development as well as as shopping mall and hypermarket management.


Tourism Malaysia’s deputy director-general (planning), Azizan Noordin, said more accommodation facilities are needed around the country in line with the tourism ministry’s aim of attracting 36 million international tourists by 2020.


Presently, Malaysia has 100,000 hotel rooms across all star categories.

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