Latest news with #TheAscottLtd
The Star
a day ago
- Business
- The Star
Ascott, Coronade Properties ink hotel management agreement for Coronation Square
SINGAPORE: Singapore-headquartered hospitality firm The Ascott Ltd has been appointed by Coronade Properties Sdn Bhd to manage the hotel component of the Coronation Square integrated development in Johor Bahru. Ascott chief growth officer Serena Lim and Coronade Properties corporate relations director Datin Paduka Alinah Ahmad signed the hotel management agreement, witnessed by Johor Menteri Besar Datuk Onn Hafiz Ghazi and Singapore Minister of State for Trade and Industry & National Development Alvin Tan, at Capital Tower here today. Operating under Ascott's flagship namesake brand, Ascott Coronation Square Johor Bahru, the five-star hotel will feature 207 rooms housed within Tower 1 of Coronation Square and is scheduled to open in the second half of 2029. Strategically located in the Ibrahim International Business District (IIBD) within the Johor-Singapore Special Economic Zone (JS-SEZ), the development will also be directly connected to the upcoming Rapid Transit System (RTS) Link, which connects Johor's Bukit Chagar with Singapore's Woodlands North. Ascott chief executive officer Kevin Goh said that as the first major hospitality partnership under the JS-SEZ framework, the project reflects the growing momentum behind cross-border collaboration and Ascott's confidence in the region's long-term prospects. "This hotel represents a landmark debut for the Ascott brand in Johor Bahru and our sixth Ascott-branded property in Malaysia. With over 1,000 properties worldwide, this project further demonstrates our sustained growth trajectory and the strength of our partnerships across strategic markets,' he said in his welcome remarks. The other five Ascott-branded properties are in Kuala Lumpur and Penang. Meanwhile, Onn Hafiz said the partnership would not only bring a world-renowned brand to Johor and raise its international profile, but also generate employment opportunities for the local community. "The arrival of Ascott in Coronation Square marks a turning point for Johor's hospitality landscape. It also opens doors for Johoreans not only in terms of jobs, but in exposure, capability building and industry excellence,' he said. Onn Hafiz said projects like Coronation Square attract international investors, tourists, and talents -- all of whom contribute to a more diverse and resilient economy for the state. He noted that, when completed, Coronation Square will transform Johor Bahru into a new metropolis and financial hub. Currently under development, Coronation Square -- launched by the Sultan of Johor, Sultan Ibrahim Almarhum Sultan Iskandar in 2015 -- is a RM5 billion integrated project and marks the first initiative to kick-start the 250-acre (101.17-hectare) IIBD. Meanwhile, Tan said the JS-SEZ is a complementary and win-win initiative for both Singapore and Johor, describing it as an important development that enhances the region's value proposition as an investable location for parties outside ASEAN "It is the strength of Singapore as a global hub in research and development, and finance combined with Johor's growing talent pool and resources,' he said. - Bernama
Barnama
a day ago
- Business
- Barnama
Ascott, Coronade Properties Ink Hotel Management Agreement For Coronation Square
BUSINESS SINGAPORE, Aug 8 (Bernama) -- Singapore-headquartered hospitality firm The Ascott Ltd has been appointed by Coronade Properties Sdn Bhd to manage the hotel component of the Coronation Square integrated development in Johor Bahru. Ascott chief growth officer Serena Lim and Coronade Properties corporate relations director Datin Paduka Alinah Ahmad signed the hotel management agreement, witnessed by Johor Menteri Besar Datuk Onn Hafiz Ghazi and Singapore Minister of State for Trade and Industry & National Development Alvin Tan, at Capital Tower here today. Operating under Ascott's flagship namesake brand, Ascott Coronation Square Johor Bahru, the five-star hotel will feature 207 rooms housed within Tower 1 of Coronation Square and is scheduled to open in the second half of 2029. Strategically located in the Ibrahim International Business District (IIBD) within the Johor-Singapore Special Economic Zone (JS-SEZ), the development will also be directly connected to the upcoming Rapid Transit System (RTS) Link, which connects Johor's Bukit Chagar with Singapore's Woodlands North. Ascott chief executive officer Kevin Goh said that as the first major hospitality partnership under the JS-SEZ framework, the project reflects the growing momentum behind cross-border collaboration and Ascott's confidence in the region's long-term prospects. 'This hotel represents a landmark debut for the Ascott brand in Johor Bahru and our sixth Ascott-branded property in Malaysia. With over 1,000 properties worldwide, this project further demonstrates our sustained growth trajectory and the strength of our partnerships across strategic markets,' he said in his welcome remarks. The other five Ascott-branded properties are in Kuala Lumpur and Penang. Meanwhile, Onn Hafiz said the partnership would not only bring a world-renowned brand to Johor and raise its international profile, but also generate employment opportunities for the local community. 'The arrival of Ascott in Coronation Square marks a turning point for Johor's hospitality landscape. It also opens doors for Johoreans not only in terms of jobs, but in exposure, capability building and industry excellence,' he said.
New Straits Times
02-06-2025
- Business
- New Straits Times
Exco: Boon Siew Villa not under Unesco, state, or national protection list
Boon Siew Villa in Batu Ferringhi, which was recently demolished to make way for a luxury condominium project, is outside the George Town United Nationas Education, Scientific and Cultural Organisation World Heritage Site, a state executive councillor said. State Tourism and Creative Economy Committee chairman Wong Hon Wai said the property, once the residence of Tan Sri Loh Boon Siew, known as 'Mr Honda', was not listed under national or state heritage protection. "The private property is outside George Town's World Heritage Area," he told the New Straits Times. The demolition of the villa has sparked strong reactions from heritage advocates and Penangites, who see the loss as another blow to the island's cultural identity. The villa, regarded as a symbol of Penang's colonial-era architecture, was listed in the Penang Built Heritage Inventory in 2012. On whether the property should have been protected, Wong said there were other landmarks, such as Wisma Boon Siew and Jalan Loh Boon Siew, that still existed in the state capital here. "There are many properties and land banks under the family of Tan Sri Loh Boon Siew. There is even one Boon Siew Building in neighbouring Singapore." Earlier this week, the state government confirmed that all technical and safety requirements had been met for the luxury condominium project, despite public concern over traffic congestion and safety in the area. Last October, it was reported that Singaporean real estate and lodging company The Ascott Ltd was partnering with Malaysian developer Instant Icon Sdn Bhd to develop Ascott Residences Batu Ferringhi, which is set to welcome residents from January 2028. Ascott country general manager for Malaysia, Mondi Mecja, had said that the greenfield development would feature 99 residences for sale and the project was expected to break new ground in Penang's luxury living market, with a strong focus on owner occupation. The development would feature a diverse selection of spacious living options, ranging from 185sq m to 370sq m, along with a penthouse exceeding 740sq m. The NST has contacted both The Ascott Ltd and Instant Icon for comment.
