By SHALINI KATESSAN
shalini@mystar.com.my
KUALA LUMPUR: Sunway Group proudly announced its new mid-market hotel development at Cheras.
Sunway Velocity Hotel, offering 351 rooms, is a transit-oriented, integrated hotel within the Cheras vicinity. It will be ready for operation on Sep 20.
The joint venture project between Sunway Bhd and Fawanis Sdn Bhd has a gross development cost (GDC) of RM146mil.
“We are confident that we will be able to operate at about 75% occupancy in the first year of the hotel opening due to consideration of integration, connectivity, market size and our competitive pricing,” said Sunway Hotels & Resorts operation cluster director Kelly Leong.
“We anticipate about 60% corporate and 40% leisure base. In 2017 and 2018, we are expecting Malaysian to constitute 60% of our guest with the balance coming from Singapore, China and guests residing in the Asia Pacific region,” said Leong.
“The hotel is synergistic to the now 96% occupied Sunway Velocity Mall, which is welcoming 1.5 million visitations a month currently.
"Our guests will have access to over 500 retail stores, 150 food and beverage outlets, as well as a host of entertainment centres and recreational facilities, making it an ideal destination for a traveller who prizes conveniences,” he added.
The hotel is linked to Light Rapid Transit (LRT) and two underground Mass Rapid Transit (MRT) stations.
The guest will have easy access to Bukit Bintang shopping district and KL Sentral, as well as other attractions nearby.
The upcoming medical centre is scheduled to be open in 2019.
