Malaysian hotel group gets more contracts
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Despite the global economic downturn, Malaysian hospitality group, Holiday Villa International, has signed management contracts in Vietnam and China and is preparing for similar ventures in other markets.
The Star reported that the management company is adding another property which will be built within the Kuala Lumpur City Centre.
“We are quite lucky as suddenly, we have a series of projects and offers coming to us when we thought this is supposed to be a recession year,” Holiday Villa Hotels and Resorts’ Managing Director, Mavis Masri Azman, was quoted saying in The Star’s report.
“I believe we fill a nice niche as some owners and developers prefer not to work with the ‘superchain’ operators but are looking for an Asian hotel group which is small but with a very specialised management style.”
Holiday Villa started the year with the signing of a contract early last month to manage a 147-room hotel in Shenzhen, China. It also signed a deal to manage the four-star Tuan Chau Island Resort in Halong Bay, Vietnam.
The 15-year contract starting February also involved renaming the three year-old resort with 247 rooms and suites as Tuan Chau Island Holiday Villa Halong Bay.
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