Travelodge has unveiled plans to open
two Travelodge hotels in Kuala Lumpur, Malaysia.
Both hotels are in key city centre locations in
Kuala Lumpur and will open in Q3 2018.
Malaysia will be the
fifth destination on Travelodge’s expansion trail in Asia,
following closely after two hotel openings in Hong Kong, two in Thailand and
one in Indonesia. The company also has a hotel under development in Vietnam.
Stephen Burt, Chairman of Travelodge Hotels Asia,
said, “Travelodge was an iconic brand in Malaysia in the 90s, and
we are delighted to bring the brand back to Kuala Lumpur with two
great hotels in such superb locations.
These hotels will serve as a springboard for the growth of the
Travelodge brand across Malaysia. We are working on various
opportunities in other cities such as Penang, Malacca and Kota
Kinabalu, across a combination of both managed and franchised
203-room Travelodge Central Market is a stone’s throw
away from major attractions such as the eponymous Central Market,
a haven for local arts and crafts, and the bustling Petaling
Street, the city’s popular bargain shopping mecca in the cultural centre of Chinatown. The hotel is also 50-metres away from Pasar
Seni LRT and MRT Station, just one stop away from Kuala Lumpur Sentral, Kuala Lumpur’s largest integrated transport hub, and two
stops away from Bukit Bintang.
Located nearby, the newly renovated 168-room
Travelodge Bukit Bintang is situated in Kuala Lumpur’s Golden
Triangle, right at the pulse of the city’s shopping and business
district. The hotel is less than 1km away from the iconic Petronas
Twin Towers, a must-visit destination for travellers who want to
take in the breathtaking views of the city at 88 stories high.
Food enthusiasts will be delighted to have easy access to Jalan
Alor, a street best known for its local hawker food and seafood
restaurants. The property is also perfect for the business
traveller with its close proximity to Jalan Sultan Ismail and
Jalan Raja Chulan where key commercial buildings and offices are
Travelodge Central Market and Travelodge Bukit Bintang
will both have a fitness centre, self-service laundromat and
grab-and-go breakfast for all guests.
Marcus Aw, Director of Midscale Hotel Investments Pte.
Ltd., a wholly-owned subsidiary of SGX-listed ICP Ltd, said, “We
are delighted to follow up our maiden hotel investment in Hong
Kong late last year with our second acquisition – Travelodge
Central Market in Kuala Lumpur, Malaysia. We are optimistic that
the increasing investment in infrastructure projects such as the
Kuala Lumpur-Singapore high speed rail, and the 70-acre Tun Razak
Exchange (TRX), will cement Kuala Lumpur’s status as one of the
key commercial centres in Asia. We have taken into account the
hotel operating cycle, the lack of supply of good quality midscale hotels, and the overall risk-return profile in making this
investment decision. We continue to source opportunities to
acquire hotels in Kuala Lumpur and other key cities in Asia such
as Singapore, Hong Kong, Seoul, Bangkok and Tokyo, and are
confident that the Travelodge Asia operating platform will deliver
strong returns to us as hotel owners and help our partners achieve
their investment objectives and returns criteria.”
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