Friday January 16, 2009
TH Properties Sdn Bhd is building a new RM50mil four-star hotel in Bandar Enstek to benefit from the proposed low-cost carrier terminal (LCCT) in Labu, Negri Sembilan.
Chief executive officer Zaharuddin Saidon said the hotel, near the KL International Airport (KLIA), would cater for foreigners and transit passengers that come through KLIA and the new LCCT at Labu.
"The hotel will be an ideal destination for them as a pit-stop as it only takes about a few minutes from the hotel to the airports" he said yesterday at the signing of two memoranda of understanding (MOU) and a joint venture (JV) agreement between the company, the developer of Bandar Enstek in Nilai and Seri Pajam Development Sdn Bhd.
The MOUs were for building the new hotel and and for the implementation of the industrialised building system (IBS) for the construction of future buildings at Bandar Enstek. The IBS is a construction process that involves pre-fabricated and on-site installations.
"The construction of the 400-room four-star hotel will commence around August and will take about 16 months for completion," Zaharuddin said.
The signing of the JV was for the development of the second phase of Bandar Warisan Puteri near Seremban.
"The construction works of Vila Suria (at Bandar Warisan Puteri) using the IBS (in the first phase) has enabled us to complete the project in 12 months and ensure the delivery of high-quality finished products," said Seri Pajam managing director Lai Suit Choong.
He said the second phase of Bandar Warisan Puteri had a gross development value of RM160mil and would see the development of some 1,000 residential units of various types, over a period of five years.
This article is a verbatim copy of the original article from The Star.