Mitraland expects All Seasons hotel to start operations in three years

KUALA LUMPUR: Mitraland Group expects its maiden hospitality venture, the All Seasons hotel, to start operations within three years.

To be managed by the Accor Group, the hotel would be the final component in Mitraland’s mixed development called C180 coming up at Batu 11 in South Cheras.

Mitraland's chairman, Datuk Johan Ariffin, said the hotel project has a lot of potential due its location -- it boasts a high catchment from existing developments like Bandar Tun Hussein Onn, Cheras Perdana and other housing projects in Balakong.

"Many of the developments in the area are a bit dated and this is an attempt to bring something new to the community," he told reporters after inking the deals with the Accor Group on May 21.

Representing Accor was its vice-president for Malaysia, Indonesia and Singapore, Gerard Guillouet. Mitraland was represented by Johan and managing director, Chuah Theong Yee.

Work on the 140-room hotel costing RM35 million started in March this year and is expected to be completed by 2013.

Meanwhile, Guillouet said an average occupancy rate of 60% to 65% was expected during the hotel’s first year of operations. The average room rate would be RM160 a night.

To date, Mitraland has completed projects worth more than RM350 million and is currently undertaking several projects with an estimated gross development value of more than RM950 million.