Under the agreement, LHG is set to assume management responsibilities for the hotel. The group adds that the hotel is the second Southeast Asia hotel, as announced by LHG this year, and is well positioned to be part of LHG’s portfolio in the region as their key source of growth.
The hotel, which is located in the second tallest tower within the Oxley Towers KLCC project in Malaysia, comprises 198 guest rooms and suites.
The group says the partnership “signifies a shared vision for growth and excellence” in operating luxury hotels within Malaysia”. Both Oxley and LHG are committed to fostering a successful and sustainable partnership, it adds.
Bob van der Oord, CEO of LHG, says: “We look forward to bringing our flagship brand to Kuala Lumpur, a gateway city in a thriving part of the world that is also home to a notably robust travel market. The Langham, Kuala Lumpur will be a telling symbol of our vision to craft iconic, world-class hotels in Southeast Asia and beyond”
Shares in Oxley Holdings closed 0.1 cents lower, or down 1.27%, at 7.8 cents on Nov 11.
