China-based Wanda Hotels & Resorts will bring its Wanda Realm brand overseas for the first time with the management of a property within Langkawi’s Tropicana Cenang, a RM1.9 billion (US$451.9 million) integrated resort development by Cenang Resort.
Under the agreement, both Wanda and Cenang Resort will spearhead new resort management directions. Wanda Realm Resort Langkawi will offer 350 hotel rooms, restaurants, conference, entertainment and fitness facilities.
Scheduled for completion in 2023, the mixed-use development sits on 2.1ha of freehold land fronting the Andaman Sea and comprises a hotel, two 40-storey residential towers and commercial components targeting the tourism and services industry.
With two towers (one expected to be completed by 2021 and the other by 2022), the RM1.6 billion serviced residences component will feature 1,102 fully furnished units across two-, three- and four-bedroom types. The units are sized between 71.6m2 to 120.2m2.
The commercial component has a development value of RM54.3 million and will offer 16 units with built-up areas ranging from 44.5m2 to 135m2.
Separately, Cenang Resort is also partnering Sino Great Wall, which will act as a joint development partner and contractor of the development.
The post Wanda Hotels & Resorts to open Wanda Realm branded resort in Langkawi appeared first on CPP-LUXURY.
from CPP-LUXURY http://www.cpp-luxury.com/wanda-hotels-resorts-to-open-wanda-realm-branded-resort-in-langkawi/?utm_source=rss&utm_medium=rss&utm_campaign=wanda-hotels-resorts-to-open-wanda-realm-branded-resort-in-langkawi
via Your #1 Source to Finding Luxury & Designer Goods, Handbags & Clothes at or Below Wholesale: Click Here