
Park Hyatt to open at Merdeka 118, rooms above RM2,000
The hotel will feature 252 spacious guest rooms, including 27 suites, blending Malaysia's rich cultural heritage and traditional craftsmanship with modern, refined design.
According to Hyatt's website, opening rates for a standard room with a king bed or two twin beds (570 to 635 square feet) average around RM2,455 per night, while a corner room with a king bed (613 to 742 square feet) is priced at an average of RM3,165 per night. Guests can expect tranquil, elegant rooms with floor-to-ceiling windows offering panoramic views of the city skyline.
Dining will be a standout highlight, with three restaurants on the 75th floor serving sweeping views of Kuala Lumpur. The hotel's unique Cacao Bar, the highest in the city, will be Kuala Lumpur's first chocolate-themed bar, catering to leisure travellers who increasingly seek memorable culinary experiences.
Hyatt will also mark the return to the capital with the launch of Hyatt Regency Kuala Lumpur at KL Midtown on August 26, its seventh property in the city. Located opposite the Malaysia International Trade and Exhibition Centre and near the Malaysia External Trade Development Corporation, the new 450-room hotel will anchor the emerging KL Midtown district as a key hub for business and leisure travellers alike.
In a statement, Hyatt Hotels Corporation said it plans to expand its luxury and lifestyle portfolio across Asia Pacific, with nearly 90 new properties slated to open over the next five years. This growth includes the debut of the Thompson Hotels brand in the region, alongside significant new openings for the Andaz, The Standard, and Park Hyatt brands in destinations such as Thailand, Malaysia, and Australia in 2025 and 2026.
Globally, Hyatt has more than doubled its luxury room count, tripled its resort rooms, and grown its lifestyle offerings five-fold since 2017.
As demand for luxury travel in Asia Pacific continues to surge, Hyatt's expansion strategy is aimed at capturing this momentum. As of the first quarter of 2025, 64 per cent of Hyatt's hotels and resorts in Asia Pacific fall within the luxury and upper-upscale categories.
"Today, luxury is about authenticity and unique experiences. Our recently refined brand architecture and expansion in luxury and lifestyle portfolios allow us to cater to discerning travellers with focus and differentiation," said Carina Chorengel, senior vice president, commercial, Asia Pacific, Hyatt.
"We are excited about offering enriching experiences that will further strengthen Hyatt's position as a leader in luxury and lifestyle hospitality in the region."

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
2 hours ago
- The Star
MCE Holdings eyes expansion phase amid contract wins
PETALING JAYA: MCE Holdings Berhad is entering a multi-year growth phase, underpinned by landmark contract wins, strategic global expansion and a diversification into high-value automotive electronics. Hong Leong Investment Bank (HLIB) Research has initiated coverage with a 'buy' rating and a target price of RM2.40, implying a 66.7% capital upside. It sees MCE as 'a resilient, scalable proxy to Malaysia's transition towards high-value auto electronics and the global 'China + N' supply chain realignment'. At the heart of MCE's growth outlook is its breakthrough entry into the electric vehicle (EV) supply chain for Perusahaan Otomobil Kedua Sdn Bhd (Perodua). HLIB Research reported that the company secured contracts to supply high-value infotainment and advanced driver assistance systems (ADAS), raising potential revenue per vehicle to approximately RM3,000, which is 10 times its traditional content value. The research unit estimated annual revenue from this programme to reach RM39.8mil to RM59.7mil, or up to 38% of turnover for the financial year ended July 2024 (FY24), if Perodua meets its targeted sales volumes. MCE is also accelerating its international presence, with significant wins in the US market. Contracts with Nasdaq-listed Dorman Products and Michigan-based JVIS USA will add a combined RM30.3mil in annual revenue at full ramp-up. HLIB Research noted that these contracts were secured via competitive global tenders, underscoring MCE's 'technical credibility and global competitiveness'. Beyond automotive, the group is also moving into new verticals. A joint venture with Hong Kong's Sounding Industries will produce non-automotive products with minimal capital expenditure, while a partnership with China's Nanjing Chuhang Technology will position MCE in the fast-growing mmWave radar segment for ADAS. In addition, HLIB Research reported that financially, MCE has turned around its pre-FY22 losses, supported by Proton Holdings Bhd's sales recovery and deeper supply ties with Perodua. Core earnings are forecast to grow at a 15.8% compounded annual growth rate between FY25 and FY27, reaching RM27mil by FY27, with full-year contributions from EV, export and non-automotive contracts. The group's balance sheet remains strong, with net cash of RM83.6mil, or about 42% of market capitalisation.


New Straits Times
2 hours ago
- New Straits Times
Govt: Petronas retains control of oil resources
KUALA LUMPUR: The Petroleum Development Act 1974 remains in force, with national oil company Petronas continuing to hold exclusive rights to explore and exploit Malaysia's petroleum resources, the government said. Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said said the act vests Petronas with the ownership of petroleum, and the rights, powers, and exclusive privileges to explore, exploit, and acquire petroleum both onshore and offshore Malaysia. Azalina said this in a written reply to Hassan Abdul Karim (PH–Pasir Gudang), who had asked to what extent the federal government would defend the act as a foundation of the country's economic sovereignty in the oil and gas industry. The question followed claims by the Sarawak government and Petroleum Sarawak Bhd (Petros) that challenged the position of Petronas under the act. In a separate written reply, Azalina said contracts awarded to Sabah-based companies by Petronas had more than tripled to RM2 billion since the signing of the Commercial Collaborative Agreement (CCA) in 2021. The state had also secured a major boost in natural gas supply this year to power industrial growth. The value of contracts awarded to 326 licensed Sabah vendors had risen from RM613 million in 2021 to RM2 billion as of 2024, she said. This represents a 3.3-fold increase. Azalina said Sabah's role in the oil and gas industry had been strengthened through the CCA, which allowed greater participation by state-owned enterprises, including Sabah Energy Corporation Sdn Bhd (SEC) and SMJ Energy Sdn Bhd (SMJE). She said that for 2025, Petronas had raised the natural gas supply to SEC from 104 million standard cubic feet per day (MMscf/d) to 224 MMscf/d. Of this, 150 MMscf/d had been allocated to Esteel at the Sipitang Industrial Park. Azalina said this in response to a question from Datuk Seri Dr Jeffrey Kitingan (GRS-Keningau), who had asked when the government and Petronas would implement agreements with the Sabah government on the return of oil and gas rights and revenue sharing, similar to the arrangements for Sarawak. He also asked about making Sabah the sole aggregator for all gas in the state. She added that SMJE had also acquired a 25 per cent equity stake in the ZLNG project and was participating in a Technical Exploration Agreement in the Layang-Layang Basin with industry partners. These developments reflected the enhanced participation and commercial benefits Sabah enjoyed in the national oil and gas industry, in line with the cooperation framework agreed under the CCA, she said. The CCA was signed between the Sabah government and Petronas on Dec 7, 2021. Sabah Chief Minister Datuk Seri Hajiji Noor said the CCA would allow the state to get greater revenue sharing, participation, and a voice in oil and gas-related matters through a commercial consultative framework with Petronas, while at the same time ensuring Sabah held on to its legal rights.


Borneo Post
2 hours ago
- Borneo Post
STR Phase 3 payments to 8.6 mln recipients begin today
A file photograph shows Malaysian ringgit notes being counted at a money changer in Kuala Lumpur on October 5, 2022. – Malay Mail photo PUTRAJAYA (Aug 12): The government will begin disbursing payments for the Phase Three Rahmah Cash Contribution (STR) starting today, allocating RM2 billion to ease the cost of living for low-income households under the Madani government's initiative. In a statement yesterday, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim announced that 8.6 million recipients will receive up to RM650 each through STR Phase Three, an increase of 300,000 recipients compared to the 8.3 million beneficiaries in Phase One last January. The rise in recipients reflects the government's decision to open new applications and appeals throughout the year to ensure aid reaches all eligible individuals. 'The year-round application and appeal process demonstrates the Madani government's commitment to its responsibility in improving the welfare of the majority, leaving no one behind in benefiting from the nation's wealth. 'More than just cash assistance, STR empowers recipients to achieve financial independence, helping us realise the equality envisioned in the Madani Economy,' he said. Anwar said that the Phase Three payments will be made to existing and newly registered recipients in the STR database, either through direct bank account credits or cash disbursements via Bank Simpanan Nasional, in stages according to their eligibility categories. Meanwhile, the Ministry of Finance stated that applicants whose names are not found in the STR database must submit an application to allow verification of their eligibility for the aid. Frequently Asked Questions (FAQ) and eligibility status checks are available on the official STR portal at Anwar Ibrahim financy ministry payments Phase 3 STR