Wanda Hotels & Resorts has signed a
management agreement with Cenang Resort Sdn Bhd for a new resort
on Langkawi Island in Malaysia.
The Wanda Realm Resort Langkawi will be
located within the resort-themed development of Tropicana Cenang
along Pantai Cenang beach.
The mixed development - comprising a
hotel, two 40-storey residential towers and commercial components
tailored for the tourism and services industry - has a projected
total gross development value of RM1.94 billion.
Scheduled for completion by the end of 2023, the
development, which is located on 5.28 acres of prime freehold land
fronting the Andaman Sea, is expected to be a key tourist
destination as well as family hub for leisure and entertainment,
catering to both local and overseas tourists.
"The development is expected to bring growth
opportunities to both the tourism and property industry at this
island," said Yang Amat Berhormat Dato' Seri DiRaja Ahmad
Bashah Md Hanipah, Menteri Besar of Kedah. "Tourism has emerged as
a powerful vehicle for economic transformation, job creation and
infrastructure development in Langkawi. A main tourist destination
and the third largest island in Malaysia, Langkawi has emerged as
an attractive option for property development and property
investment. Given this positive outlook, we believe that this
development will further spur socio-economic development of the
local communities with the creation of more employment as well as
The Wanda Realm
Resort Langkawi, the first Wanda Realm hotel outside of China,
will feature 350 hotel rooms,
restaurants, conference, entertainment and fitness facilities.
Commenting on the development of the hotel,
Wanda Hotels & Resorts' Vice President, Ilja Peopper said,
"Malaysia has developed a reputation for its excellent standard of
hospitality and customer service. Wanda Hotels & Resorts is proud
to contribute towards the continued growth of Langkawi as a key
leisure destination. We seek to redefine the meaning of
hospitality in Langkawi, introducing new standards of services
that will enhance Langkawi's allure and potential as a global
tourist destination in the long-term."
Of the two residential towers,
Tower A is expected to be completed by the end of 2021 while Tower
B at the end of 2022. With a GDV of RM1.586 billion, the 1,102
fully furnished units of serviced residences offer three design
options with scenic views -- two, three and four-bedroom units
with built-up areas ranging from 771 to 1,294 square feet.
Meanwhile, its commercial component with a GDV
of RM54.27 million will offer a total of 16 units with built-up areas
ranging from 479 to 1,453 square feet. The retail units are
expected to be completed by the end of 2022.
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