02-05-2025
- Business
- New Straits Times
Oriental Bank restored after RM75mil makeover, reopens as 4-star hotel by YTL
KUALA LUMPUR: YTL Hotels has opened two new properties in Malaysia—Moxy Kuala Lumpur Chinatown and AC Hotel by Marriott Ipoh—with a combined investment of nearly RM185 million, marking a major milestone in the group's ongoing expansion.
These openings reflect YTL Hotels' strategic focus on revitalising heritage buildings and introducing globally recognised hospitality brands to Malaysia's key cities.
Housed within the newly restored Oriental Bank building along Jalan Hang Lekiu, Moxy Kuala Lumpur Chinatown rises 21 storeys, blending 1970s nostalgia with modern urban flair following a RM75 million investment.
This is Kuala Lumpur's first Moxy, bringing 320 stylish, smartly designed rooms that channel the energy and colour of Chinatown.
Datuk Mark Yeoh, chairman of YTL Hotels, previously told Business Times that Moxy Kuala Lumpur Chinatown is one of Marriott International's most dynamic global brands, set to redefine hospitality in Kuala Lumpur/
Honouring its heritage surroundings, the hotel showcases crimson hues, eclectic murals, neon installations, and modular furniture for the modern traveller.
Up north in Perak, YTL Real Estate Investment Trust acquired the former Syuen Hotel in early 2024 for RM55 million, followed by an additional RM55 million refurbishment to transform the property into AC Hotel by Marriott Ipoh.
The 11-storey, four-star hotel with 291 rooms ceased operations in May 2020.
Following the refurbishment, the hotel now combines European design sensibilities with Ipoh's rich heritage, offering guests refined comfort, minimalist elegance, and spaces like the Tin Mine Club—a business lounge that pays tribute to the city's mining past with panoramic city views.
YTL Hotels currently holds 11 Marriott International properties among its 33 hospitality assets worldwide, making it one of Marriott's largest long-term ownership partners in Asia.
Next on the horizon is the highly anticipated Moxy Niseko Village in Hokkaido, Japan.
Nestled at the foot of Mount Niseko Annupuri within the renowned Niseko United ski area, the resort promises year-round appeal—from world-class ski slopes and natural hot springs in winter to golf and nature activities during the summer months.
