news

Marriott International to manage IOI Properties’ hotels in IOI Resort City

PUTRAJAYA (May 19): IOI Properties Group Bhd has entered into agreements with Marriott International, Inc (Marriott International) to manage two of its signature hotels in IOI Resort City, Putrajaya, namely Putrajaya Marriott Hotel and Palm Garden Hotel. 

In a media statement today, IOI Properties said the Putrajaya Marriott Hotel will be converted from its existing franchise arrangement to a managed contract under the Premium brand, whilst the Palm Garden Hotel will be converted to the management of Marriott International under the Tribute Portfolio brand.

The 5-star Putrajaya Marriott Hotel, boasts of a grand Mediterranean-Moorish architecture, sits on a 6.5-acre land amidst lush greenery and tranquil surroundings. It has 380 guest rooms, 73 executive rooms, and 35 exclusive suites.

Meanwhile, the 4-star Palm Garden Hotel will enjoy the Tribute portfolio status, and will come under the Marriott Bonvoy portfolio at the end of 2021. Nestled in the 788-acre of scenic greenery within the IOI Resort City development that includes a 18-hole Palm Garden golf course and IOI City Mall, the hotel offers 151 spacious rooms and a central courtyard that is home to a lush palm garden.

“This signing marks our commitment to expand our diverse Marriott Bonvoy portfolio across Malaysia where we currently offer a breadth of brands providing guests endless experiences,” said Rivero Delgado, area vice-president - Singapore, Malaysia, Maldives, Marriott International. 

IOI Properties executive vice chairman Lee Yeow Seng said the agreement with Marriott International is “in line with our business strategy of delivering excellence, creating value for stakeholders, and developing sustainable communities”. 

“Our strong partnership with Marriott International since 2002 with the opening of Putrajaya Marriott Hotel augurs well for our stakeholders,” he said in the statement.

Currently, Marriott International manages Le Méridien Putrajaya in IOI Resort City, and Four Points by Sheraton Puchong, both of which are part of the hotel portfolio of IOI Properties. It will also be managing both the upcoming Moxy Putrajaya in IOI Resort City, and the Sheraton Grand within the IOI Palm City mixed development in Xiamen, China.

Get the latest news @ www.EdgeProp.my

Subscribe to our Telegram channel for the latest stories and updates 

Click here for more property stories

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE
RELATED POSTS
  1. IOI Properties net profit more than doubles in 3QFY2021
  2. IOI Properties records higher revenue and operating profit in 6MFY21
  3. IOI Properties jumps 10.69% to one-year high