PRIME MINISTER OFFICIALLY OPENS
THE ROYALE CHULAN KUALA LUMPUR
LUMPUR, March 18, 2010 - YAB Dato' Sri Mohd Najib bin Tun
Haji Abdul Razak, Prime Minister of Malaysia officially opened
the Royale Chulan Kuala Lumpur yesterday. Also present at the
event was YABhg Datin Sri Rosmah Mansor.
Dato' Sri Dr. Ahmad Zahid bin Hamidi, Defence Minister of Malaysia,
and other dignitaries were also present at the event.
five-star hotel owned by Lembaga Tabung Angkatan Tentera (LTAT)
and managed by Boustead Holdings Berhad (Boustead Group) via Boustead
Hotels & Resorts Sdn Bhd was built to the tune of RM200 million
and enjoys a prime location in the centre of Kuala Lumpur's downtown
business and tourist belt.
hotel showcases 402 rooms, 14 meeting rooms, a grand pillarless
ballroom and an exclusive private function room with an uninterrupted
panoramic view of the KL skyline.
hotel prides itself in offering its guests gracious Malaysian
hospitality and staff are specially trained to provide professional,
discrete, warm and friendly service. This is in line with its
support of the 1Malaysia campaign where tourism is viewed as not
just a source of income for our country but also as a display
of the nation's diversity and unity.
Laksamana (Rtd.) Tan Sri Dato' Sri Mohd Anwar bin Hj. Mohd Nor,
Chairman of Lembaga Tabung Angkatan Tentera said "On the
investment front, it has always been LTAT's policy to adopt a
diversified investment strategy and on this score our investment
in the property sector has augured well for us."
Royale Chulan's location in the centre of Kuala Lumpur is in line
with our aim to invest in valuable properties within our bustling
city. This hotel complements our other properties, namely Bangunan
LTAT and Chulan Tower which are both located within the radius
of the Royale Chulan."
"Our compliments to the Boustead Group for having done a
fine job to manage this hotel. Their experience in managing this
successful chain of Royale Bintang hotels augurs well for them
and we are confident with their track record to date, the Royale
Chulan Kuala Lumpur will be successful."
Tan Sri Dato' Lodin Wok Kamaruddin, Group Managing Director of
Boustead Holdings Berhad said "The Royale Chulan is a jewel
in the crown of the Royale Bintang group of hotels."
its soft opening in April last year, the hotel is fast gaining
an enviable reputation as the venue of choice for prestigious
events locally and internationally. We have played host to an
array of events including the Malaysia International Gourmet Festival
2009 Gala Launch, Miss Malaysia Universe 2009, the 6th World Chambers
Congress 2009 and the D8 Ministerial Meeting."
addition, we have had numerous weddings and parties with almost
every weekend booked. Our occupancy rate is encouraging given
that we are barely one year old."
Boustead Group counts a number of reputable hotels in its chain,
with the first Royale being the Royale Bintang Kuala Lumpur. The
four-star hotel located in the shopping and tourist belt of Kuala
Lumpur enjoys good occupancy throughout the year. The same can
be said for the Royale Bintang Damansara, located in the thriving
Mutiara Damansara Commercial Centre. The five-star 300 room Royale
Bintang Seremban is situated in the picturesque Lake Gardens district
of Seremban. In addition, three new four-star hotels are being
built currently in Selangor, Pahang and Penang. With the completion
of these initiatives, the Group will have six hotels in its chain.
its inception as a modest trading entity more than 180 years ago,
the Boustead Group has grown by leaps and bounds to comprise more
than 90 subsidiary and associate companies, and has substantial
interests in various sectors of the Malaysian economy. The Boustead
Group's operations are focused in six key areas; plantation, heavy
industries, property, finance & investment, trading and manufacturing
& services. As at 31 December 2009, Boustead Holdings Berhad's
paid-up capital is RM456 million, while its shareholders' funds
stand at RM3.8 billion. Market capitalisation currently is in
excess of RM3.0 billion.