KUALA LUMPUR (Oct 5): Top Glove Corp Bhd founder Tan Sri Dr Lim Wee Chai today launched Top Holiday Hotel and Top Happiness Grand Ballroom at the Mines 2 retail tower in Seri Kembangan as part of his private investment.

“I believe these two facilities will add value and serve the 1.5 million population within the nearby area and provide more opportunities for the township and the neighbouring townships to flourish,” he said in his speech at the launching ceremony.

Speaking to reporters later, Lim said the property business has always been his long-term personal interest.

“This hotel is parked under a private company, it is not a subsidiary (of Top Glove Corp).

“It is more of a private investment. Nothing to do with Top Glove. I’m not going to inject this hotel (into Top Glove Corp) in the next five years,” he added.  

Lim, who is the chairman and majority owner of Top Holiday Hotel, said for the past five years, Mines 2 was not occupied, but now the occupancy rate is 80%.

Mines 2 consists of an office tower and retail tower with a total net lettable area  of 328,918 sq ft over 17 floors.

Dubbed as a three-star boutique hotel, Top Holiday Hotel focuses on affordability, comfort and convenience.

The hotel offers 140 business and boutique rooms, of which 70 rooms are on the third floor and the remaining 70 rooms on the fourth floor.

“Guests can also enjoy a wide range of amenities and facilities which include free high-speed WiFi, concierge service and 24-hour surveillance,” said Lim.

Top Holiday Hotel is offering a 50% discount from today until Oct 11 in conjunction with its grand opening, he added.

Meanwhile, Top Happiness Grand Ballroom is a five-star ballroom that can accommodate 120 dinner tables or 1,200 guests.

The 14,950 sq ft ballroom is able to cater for functions ranging from corporate events to weddings, anniversaries, exhibitions and conferences.

Top Glove’s share prices fell 26 sen or 2.41% today to close at RM10.52, giving it a market capitalisation of RM13.5 billion.