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Fri, 11 Aug 2017

Wanda Signs Hotel on Langkawi Island, Malaysia

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.

Map of Langkawi Tropicana Cenang

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 entrepreneurial opportunities."

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. 

See other recent news regarding: Langkawi, Malaysia, Wanda.

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