Originally Posted by
tcook052
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.
Great post. Thanks for sharing.
By 2017 the SE Asia property bubble will have burst for a 2nd time. Doubt this one opens. There was a call for FM Marakesh, FM Hainan, FM Palm Springs and FM Maldives (After the 08 collapse all those projects got canceled.)