TORONTO, January 15, 2014 - Fairmont Hotels & Resorts, a luxury brand in the FRHI Hotels & Resorts (FRHI) portfolio, today announced an agreement with CITITOWER SDN BHD, a joint venture between Qatari Diar Real Estate Investment Company and KLCC (Holdings) Sdn Bhd, a wholly-owned company of Petroliam Nasional Berhad (PETRONAS), to open its first property in Malaysia. Building on the brand's growing presence in Southeast Asia, Fairmont Kuala Lumpur is set to debut in 2017.

The 62-story luxury hotel will offer 750 well-appointed guestrooms along with an executive lounge and Fairmont Gold, the luxury brand's hotel within a hotel offering. Fairmont Kuala Lumpur will also feature six dining outlets, as well as 2,787 square meters (30,000 square feet) of meeting and banquet space and recreational facilities including a swimming pool, health club and spa.

Fairmont Kuala Lumpur will be located in the Kuala Lumpur City Centre (KLCC) development, which is home to the iconic PETRONAS Twin Towers, the tallest twin buildings in the world. The project will include the hotel and one high-rise office tower, which will be connected via a six-story retail podium.

"Fairmont Kuala Lumpur is an important milestone for both our brand and for FRHI," said Jennifer Fox, president, FRHI International and Fairmont Brand. "It's a dynamic new destination for Fairmont and is our company's first hotel in Malaysia, an influential and growing market that we feel is of strategic importance. We're very excited to be entering Kuala Lumpur, a key gateway city in the region, and remain focused on expanding the Fairmont brand in Southeast Asia and other leading destinations globally."

Fairmont Kuala Lumpur will have an enviable location across from the PETRONAS Twin Towers, and will be connected to the Suria KLCC shopping complex. The hotel's public areas and guestrooms will be located on the sixth story and above, offering magnificent views of the nearby KLCC Park, as well as PETRONAS Twin Towers. Guests will also have easy access to the Kuala Lumpur Convention Centre and various office complexes through a covered walkway.

The project is being designed by Pelli Clarke Architects, a group that is associated with many prestigious projects including the PETRONAS Twin Towers and the International Financial Centre in Hong Kong.

Kuala Lumpur is the capital of Malaysia and the country's financial and cultural center, famed for its multicultural heritage, excellent shopping and diverse dining options. The KLCC development is ideally located close to many of the city's top attractions, including the Suria KLCC, a premier luxury shopping destination that also houses the PETRONAS Art Gallery, the Philharmonic concert hall, and a science center as well as cafes, restaurants and a 12-screen cinema. The nearby "Golden Triangle" district is home to the city's best nightlife and entertainment spots.