news

Tune Hotels to invest US$25m in Kenya hotel

SEPANG: Tune Hotels Group plans to invest about US$25 million in its new hotel in Kenya, said group chief executive officer Mark Lankester.


“This is a new market for us in Africa and the details of this new venture will be announced in the next two weeks,” he told the media, after the launch of Tune Hotel at klia2 by Deputy Minister of Energy, Green Technology and Water Datuk Mahdzir Khalid yesterday.

He said for the local market, the budget hotel operator plans to open a few more hotels in Melaka, Kedah, Cyberjaya and Langkawi by the end of this year.

“The 400-room Tune Hotel klia2, which opened for business on May 9, has recorded about 90% to 95% occupancy rate currently and this is very encouraging for us,” he said.

The newly-opened Tune Hotel klia2 has received double recognition for its green technology and energy-efficient features.

The hotel has been awarded a provisional Gold Rating by the Green Building Index accreditation panel and subsequently submitted as the first demonstration project under the Building Sector Energy Efficiency Project (BSSEP).

The BSSEP is a national project implemented by the Public Works Department, in collaboration with the United Nations Development Programme and co-funded by the Global Environment Facility.

Its goal is to achieve a reduction in the annual growth rate of emissions from building in Malaysia, by promoting energy conserving designs of new buildings. — Bernama



This article first appeared in The Edge Financial Daily, on June 26, 2014.

 

 

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