WCT, EPF launch New World Petaling Jaya Hotel

This article first appeared in The Edge Financial Daily, on January 18, 2018.

(From left) Jai, Rosewood Hotel Group group chief operating officer Symon Bridle, WCT Holdings Bhd group managing director Datuk Lee Tuck Fook, Employees Provident Fund head of private markets Rohaya Mohammad Yusof and WCT Holdings Bhd deputy managing director Goh Chin Liong at the opening of the New World Petaling Jaya Hotel in Kelana Jaya yesterday.

-A +A

PETALING JAYA: WCT Holdings Bhd and the Employees Provident Fund (EPF) opened the New World Petaling Jaya Hotel at the Paradigm Integrated Development in Kelana Jaya yesterday.

The hotel is managed by New World Hotels & Resorts, which is one of the brands under Rosewood Hotels & Resorts — owned by Hong Kong-based New World Development, and is its first property in Malaysia.

The hotel, which is jointly owned by WCT and EPF, shares a single 30-storey tower with a residential component called Azure Residences. The hotel rooms are situated from the 19th floor.

The hotel is one component of the RM1.8 billion Paradigm integrated commercial development, which also includes Paradigm Mall and The Ascent corporate office tower.

At the press conference, WCT director of corporate strategy Ng Chee Kiet revealed that the investment for the hotel totalled RM300 million and he believes it will be a welcome addition to the area.

“This entire development is called Paradigm Integrated Development. The first component that was ready was Paradigm PJ and then we had the office tower called the Ascent, which is doing well with a number of multinational companies there. Those tenants of the office tower will be the natural users of the hotel. The hotel is the last component we are adding to the development,” said Ng.

He added that there is one more parcel of land nearby, which WCT will develop a residential project called “Sapphire Residence” that will be launched in the second quarter of this year.

According to the hotel’s general manager Jai Kishan, New World Petaling Jaya Hotel’s rooms will be released in phases and the full inventory of rooms will be available for booking by Chinese New Year.

“The hotel is different from what exist in Malaysia and [design-wise] it is contemporary, alive and with a lot of natural light and colours,” he said. “It will be a welcoming, residential-style home base to conduct business and to discover the area’s many attractions.”