Despite ongoing financial troubles, Kuala Lumpur is still looking to add to its skyline Southeast Asia highest skyscraper by 2022. PNB118 tower will be home to the first Park Hyatt in Malaysia.
Hyatt Hotels Corporation entered last February into a management agreement with PNB Merdeka Ventures Sdn. Berthed, an owned subsidiary of Permodalan Nasional Berhad (PNB) and Malaysia’s largest fund-management company, for the first Park Hyatt hotel in Kuala Lumpur, Malaysia. The high-end hotel, designed to meet the needs of global travellers, will join the city’s prestigious development − Merdeka PNB 118 tower. Originally anticipated to be completed in 2021, the tower is now expected to be the tallest skyscraper in Southeast Asia and the third tallest in the world when finished around 2023 as Malaysia financial difficulties are delaying the project. The total investment for the tower is estimated to top US$1.5 billion.
Once the tower opened, Park Hyatt Kuala Lumpur will offer a one-of-a kind experience for guests as it will occupy the top 17 floors of the 118-floor tower overlooking Stadium Merdeka, Malaysia’s national treasure and a UNESCO heritage site, where the country’s independence was declared in 1957.
“We are delighted to collaborate with PNB Merdeka Ventures Sdn. Bhd and to announce the introduction of the Park Hyatt brand in Malaysia,” said David Udell, group president – Asia Pacific, Hyatt Hotels Corporation last February. “The new Park Hyatt Kuala Lumpur will provide guests with meaningful and enriching moments as they find themselves surrounded by contemporary luxury and artistry at its best − from original art works to the finest in culinary expression.”
Park Hyatt Kuala Lumpur is the first brand to announce plans to join the Merdeka PNB 118 tower development, which will redefine the Kuala Lumpur skyline with its classic and contemporary aesthetics. The hotel will boast 232 guestrooms, including 28 suites and 30 residential apartments. True to the Park Hyatt brand, the hotel is being designed to offer guests warm, intimate experiences, including residentially-inspired spaces such as galleries and libraries.
The hotel will feature more than 2,000 square meter of meeting spaces for events and celebrations. With three on-site restaurants and bars, guests will also be able to experience exceptional food and beverage programs including: a signature restaurant, bar and a skyline-level restaurant. The hotel will provide luxurious wellness offerings including a six-treatment room spa, state-of-the-art fitness center and a swimming pool with city views of Kuala Lumpur. The tower will be directly connected to the LRT network. A parking lot at basement will space for up to 5,000 cars.