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KUALA LUMPUR | W hotel | 235 M | 55 FLOORS

http://i1230.photobucket.com/albums/...6d54e825_b.jpg
Dijaya ventures into hospitality
By Sharen Kaur
Published: 2011/04/07

KUALA LUMPUR: Dijaya Corp Bhd (5401)will build a 50-storey hotel-cum-residential block costing RM750 million on a plot of land on Jalan Ampang, where the historical Bok House used to sit.

Dijaya yesterday signed a collaboration agreement with hotel and leisure group Starwood Hotels & Resorts Worldwide Inc to develop the hotel portion, which will be called W Hotel.

The pact marks the entry of Dijaya into the hospitality industry.

Dijaya managing director Datuk Tong Kien Onn said it will continue to build its interest in hotels, especially in the three- and four-star categories.

"We hope to have a long-term partnership with Starwood. The tourism sector is building and we thought to grow ourselves, the next good thing is to diversify," Tong said at the signing of the pact, witnessed by Tourism Minister Datuk Seri Dr Ng Yen Yen.
The W Hotel will have 150 rooms and will take up the first 10 floors of the building. It will carry a six-star rating catering to discerning travellers, including businessmen.

The residences, which will be occupying 27 floors of the block, will be launched next year with estimated RM650 million in gross development value.

It will have 350 units ranging from 700 to 1,600 sq ft each and selling at between RM1,600 and RM1,800 per sq ft, Tong said.

Dijaya expects to start the development by the end of this year for completion in 2016.

Ng, meanwhile, said Malaysia will need 40,000 new hotel rooms by 2020, to cater to the estimated 36 million tourist arrivals.

Currently, there are 161,117 hotel rooms in Malaysia, including 30,000 in Kuala Lumpur, generating RM56 billion in revenue for the tourism industry.

Ng said her ministry is looking to increase this threefold to RM168 billion by 2020.

"We are trying to get more direct flights from as many destinations as possible, including the US. We are in discussions with several airlines.

"At the moment, we are focusing on transit passengers and talking to hoteliers to build this segment," she added.

Dijaya Corp to launch projects with GDV RM3.5b
By Joseph Chin of theedgeproperty.com
Friday, 27 May 2011 15:26

KUALA LUMPUR: Dijaya Corporation Bhd reported net profit of RM18.54 million in the first quarter and announced projects with gross development value (GDV) of RM3.5 billion over the next two years.

It said on Friday, May 27, that its earnings jumped 489% from RM3.15 million a year ago, boosted by higher profit margin contributed by its new property development launches.

The earnings were underpinned by the new launches including Tropicana Grande golf-fronted condominiums and Casa Tropicana final Block E condominiums at Tropicana Golf & Country Resort as well as Pool Villas at Tropicana Indah Resort Homes.

Dijaya added the 3Q earnings included net gain of fair value adjustment of RM5.16 million arising from marketable securities and recognition of RM4 million in liquidated and ascertained damages compensated from a contractor.

Its managing director Datuk Tong Kien Onn said that given the current set of results and the good location of the company's current development, he was optimistic Dijaya would continue to post an improving set of results.

"The company also has projects under planning to be launched over the next two years worth RM3.5 billion in GDV.

"These projects include W Hotel and Residences Kuala Lumpur, serviced apartments in Tropicana Danga Bay, Tropicana Gardens commercial centre, Tropicana Avenue business and retail centre, Tropicana Bayou mixed development and Tropicana Cheras bungalows, semi-dees and linked houses. With all these projects on the pipeline, the company is poised for growth."

What a pity that such a beautiful house has been destroyed !!

Love the base on this one.:tup:

Sweet looking tower, Kuala Lumpur has some impressive developments going on right now.

NEW RENDERING!
http://img33.imageshack.us/img33/2584/whotel.jpg
While Dijaya’s core product offering are prestigious property developments, the Group is exploring new frontiers with significant growth potential. In April this year, Dijaya officially sealed a collaboration with Starwood Hotels & Resorts Worldwide to develop a W Hotel in Kuala Lumpur.

According to Datuk Rohana binti Tan Sri Mahmood, Independent Non-executive Chairman of Dijaya Corporation Berhad, "Dijaya is proud to collaborate with Starwood Hotels & Resorts Worldwide, a company with a long history of designing, building and managing world-class hotels and resorts. We have chosen a proven partner that is in line with our focus to grow with a dynamic presence."

Minister of Tourism Malaysia, YB Dato’ Sri Dr Ng Yen Yen, was present to witness the official signing ceremony. "We look forward to the entry of the W brand to Malaysia and the 'wow' factor that this will bring to the tourism industry," YB Dato’ Sri Dr Ng said encouragingly.

Set in the buzzing city centre, this architecturally stunning 150-room hotel is set to bring a new dimension of modern design and contemporary
lifestyle to Malaysia. W Kuala Lumpur will be the venue of choice for discerning and style-conscious trendsetters who want to be wowed by the finer
things in life, particularly those inspired by W brand’s unique mix of forward-looking designs and innovative styles.

Dijaya’s move to spearhead into the hotel industry underlines the company’s commitment to continued growth. Given the extensive experience in property development and management, Dijaya is well positioned to expand its interests in this sector.

While the new render is certainly not bad, I prefer the older render. The base was much more dynamic, and the setback near the top gave the building a bit more verticality, and context with Petronas Towers, at least from the angle the render is from.

Wow, I didn't know those two were going right next to each other! That's some serious density right there.

yeah..both rises next to each other..
yellow site is aurora tower and blue is W hotel
http://i1098.photobucket.com/albums/...adzir/kl-6.jpg

http://www.dijaya.com.my/ourprojects/images/whotel.jpg
The "W" will be at the bottom. Reason being W will not manage the residences... and the hotel component is only 24 floors + ground floor.

KL doesn't have much demand for luxury hotels.

New Name:

W Kuala Lumpur Hotel and The Residences by Tropicana

So, if I understand well, alll there is done so far is the destruction of a beautiful colonial mansion that should have been protected.

Yikes that is unfortunate...the old podium was much better :/

Foundation work!!

http://farm6.staticflickr.com/5330/8...b81c1fc7_b.jpg
Kuala Lumpur 158 by reinholdbehringer, on Flickr

(taken on April 2013)