San Francisco-based Kimpton Hotels & Restaurants is the original boutique hotel company. They pioneered the concept of unique, distinctive, design-forward hotels in the United States in 1981. Further, they have over 70 hotels in the United States, Canada, Europe, Caribbean and Greater China. Kimpton became part of the InterContinental Hotels Group (IHG) family of hotel brands in 2015. IHG®to open its first Kimpton Hotel in Malaysia by 2023 at The Exchange TRX.
The Exchange TRX is situated at the centre of Kuala Lumpur’s future Central Business District. It also acts as Malaysia’s first international financial district. This is will similar to top global financial hubs such as London’s Canary Wharf, Singapore’s Marina Bay and Hong Kong’s International Commerce Centre.
This agreement was signed with LQ Retail Sdn Bhd which is a joint venture between Lendlease and TRX City Sdn Bhd. Lendlease is an international property and infrastructure group. TRX City Sdn Bhd is the master developer of Malaysia’s upcoming international financial district, Tun Razak Exchange (TRX).
Rajit Sukumaran, Managing Director of South East Asia & Korea for InterContinental Hotels Group, said: “We’re excited to be partnering with LQ Retail Sdn Bhd to bring our heartfelt approach to hospitality with Kimpton Hotels and Restaurants to Kuala Lumpur as we continue to expand across the region into new markets. We believe the ‘dream’ element of experiential travel will become even more important once people can travel again and this hotel will deliver a great boutique experience to those guests.”
Dato’ Haji Azmar Talib, Chief Executive Officer of TRX City, said: “We are thrilled to welcome IHG on board and look forward to partner a hotel company with a track record of operational excellence and a true understanding of the modern guests’ needs. Kimpton Hotels & Restaurants’ unique identity and proposition will create a vibrant, lively, and inclusive experience that mirrors TRX’s identity as a district. We are certain that it will further elevate KL city’s hospitality offerings with its brand of casual luxury.”
Tony Lombardo, Chief Executive Officer Asia, Lendlease, said: “Lendlease’s strength lies in creating city-shaping developments and connected communities around the world. The Exchange TRX is one of our largest urban regeneration projects globally and is conceived to be a new experiential lifestyle destination in Kuala Lumpur. Kimpton Kuala Lumpur Hotel’s strong propositions in providing for immersive guest experiences and creating genuine human connections are perfectly aligned with our vision for The Exchange TRX.”
For useful insights regarding the franchise industry, visit our Franchise Tips page.