IHG® (InterContinental Hotels Group) has announced a signing for its Regent® Hotels & Resorts brand in Kuala Lumpur, Malaysia, alongside its relaunch of the brand that set the standard for luxury hotels.
The signing was announced on 18 October 2018 with Multibay Development Sdn. Bhd for Regent Kuala Lumpur.
Regent Kuala Lumpur will be situated next to Tun Razak Exchange project which is set to become the next financial district of Kuala Lumpur and an extension to the city’s golden triangle known for its commercial, shopping and entertainment options. A 45-minute drive from Kuala Lumpur International Airport, Regent Kuala Lumpur will be the luxury address in Malaysia’s capital.
IHG announced the acquisition of a majority stake in Regent Hotels & Resorts in March 2018, bringing the much-loved brand into the top end of its portfolio, and increasing IHG’s presence in a fast-growing luxury segment worth $60 billion. Regent Kuala Lumpur is their first Regent Hotel post acquisition.
Note: Multibay Development Sdn Bhd is a company of Perfect Eagle Development Sdn Bhd. Further coverage on this development can be read here.