SHAH ALAM: I-Berhad, developer of the RM5 billion i-City project here, is expected to launch its first boutique hotel by early September next year.
Its deputy chairman Datuk Eu Hong Chew said the RM50 million hotel will be the first of two planned for i-City.
"The hotel is the third building block in the development of i-City as a tourism destination," he said.
Yesterday, the company inked a memorandum of understanding with Best Western International (BWI) for the management of the hotel.
Under the appointment agreement, BWI will provide hospitality and building management services, similar to that of a hotel operator, for a period of 5+5 years.
Speaking after the signing ceremony, Eu said the three-star hotel, with 216 rooms, will help grow the number of visitors to i-City's theme park attractions, given that visitors can now opt to stay within the vicinity of i-City.
"We will extend our collaboration with BWI to include the management of 826 units of Best Western Serviced Suites, which are expected to be completed by 2016," he said.
Eu added that to date, the company has invested RM70 million in various rides and attractions and is planning to invest another RM30 million in the next few years.
The agreement was signed by Eu on behalf of I-Berhad and BWI vice-president for international operations in Asia and the Middle East, Glenn de Souza.
It was witnessed by Menteri Besar Tan Sri Abdul Khalid Ibrahim and I-Berhad executive chairman Tan Sri Lim Kim Hong.
Also present was Trinidad Hospitality Sdn Bhd president and chief executive officer Naresh Mohan.
Naresh said BWI will continue to strengthen its foothold in the country and is open to collaboration with more property developers.
Last year, BWI increased its portfolio in Asia and the Middle East to more than 200 hotels and resorts in 20 countries across the region.
Trinidad Hospitality is the operator of BWI hotels in Malaysia.