MoUs and agreement signed with Wyndham Hotels & Resorts and property developers to manage hotels and service apartments
KUALA LUMPUR, Monday 5 December 2022 – Hospitality 360 Sdn Bhd (“H360”), a Malaysian hotel management and consulting company, is pleased to announce the signing of a strategic partnership with Wyndham Hotels and Resorts (“Wyndham”) to expand their portfolio of hotels, resorts, and serviced apartments across Malaysia.
As H360 and Wyndham memorialize their common objective to continue their commercial dealings and deepen their business relations, we are witnessing the beginning of a new chapter in their illustrious partnership. Under the terms of their partnership agreement, H360 will deliver at least 15 hotels signed as franchises under various Wyndham-owned brands over the course of the next six years.
(L-R) Dato Indera Naresh Mohan of Hospitality 360 Sdn Bhd & Mr. Matt Holmes, Vice President of Development, South East Asia & Pacific Wyndham Hotels & Resorts Asia Pacific
To mark this illustrious partnership, there were several Memorandum of Understandings (MoUs) and agreements for H360 to manage, under various Wyndham brands, 4 hotels and luxury serviced apartments in Sabah.
The MoUs were signed between Wyndham and the developers of the hotel properties, namely, Jesselton Newcity Development Sdn. Bhd; and Sumbangan Aru KK Sdn. Bhd; for the properties that will in turn be managed as Wyndham Grand, Dolce by Wyndham, and Ramada by Wyndham brands. Construction of these hotels, totalling more than 2000 rooms will commence in phases starting in 2023 and is expected to complete by 2027.
In addition to the pipeline of current signings, H360 through the newly announced strategic partnership with Wyndham also has other hotel properties in the pipeline. They are namely our future flagship property, the Wyndham Grand TRX KL with more than 190 rooms, developed by Core Precious Development Sdn Bhd in which the construction is underway and due to complete by Q4 2023; and the newly built Ramada by Wyndham The Straits Johor Bahru with more than 190 rooms which will be operational by Q1 2023.
(L-R) Dato’ Indera Naresh Mohan Group CEO Hospitality 360 Sdn Bhd, Mr. Teng Chee Wei Malaysia President of Guangcai Group and Mr. Matt Holmes Vice President of Development, South East Asia & Pacific Wyndham Hotels & Resorts Asia Pacific.
(L-R) Dato’ Indera Naresh Mohan Group CEO Hospitality 360 Sdn Bhd, Ms. Teng Car Men Executive Director Jesselton Newcity Development Sdn Bhd and Mr. Matt Holmes Vice President of Development, South East Asia & Pacific Wyndham Hotels & Resorts Asia Pacific.
Furthermore, the under construction, 85 rooms luxury serviced apartment project Isola KLCC, developed by OCR Berhad, the152 rooms Shahzan Kuantan in Pahang, the 204 rooms Trinidad Suites Puteri Harbour in Johor and three more properties namely the 88 rooms Lisbon Melaka, the 158 rooms Trigo Kuala Lumpur, and the 90 rooms Shahzan Frasers Hill are all expected to sign to Wyndham’s Trademark Collection brand.
Looking ahead and through the various agreements, we target to achieve a portfolio of approximately 5000 rooms all over Malaysia by 2027.
Group Chief Executive Officer of Hospitality 360 Sdn Bhd, Dato’ Indera Naresh Mohan said, “This is an exciting time for us as we expand our hotel management portfolio to more locations around the country. The properties we will manage are targeted at different segments of the market, from leisure travellers and families to business travellers. We are looking forward to working with Wyndham to ensure all our guests get a full and holistic experience in our managed properties.”
Vice President of Development, South East Asia & Pacific for Wyndham, Matt Holmes said, “By signing this strategic agreement with Hospitality 360 Sdn. Bhd, we continue to grow our operational presence in Malaysia. This move will position Wyndham strongly to tap on the exponential rise in travel demand which has accelerated since early 2022 as borders reopen across key markets in Asia Pacific. Looking ahead towards the future, we are excited and happy to strengthen the partnership with Hospitality 360 in Malaysia and deliver our iconic ‘Count on Me’ service to our business and leisure guests.”
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About Hospitality 360 Sdn Bhd (“H360”)
H360 is a subsidiary of MAA Corporation Sdn Bhd (a wholly owned company of MAA Group Berhad). It is a diversified group of companies that is primarily involved in hospitality management and consulting. Now, H360 has evolved to being the home to over 30 brands in multiple industries: hotel and resorts, short and long stay accommodation, food and beverage, travel, tourism, ID, renovations and furnishing, logistics, warehousing, loyalty and rewards, property and facility management, cigars and accessories. As Malaysia's rising leader in hospitality, travel and tourism, H360 asset-light business model strives to develop high-performing assets focused on growth, innovation and delivery strong returns to stakeholders. For more information, please visit www.hospitality360.my
About Wyndham Hotels & Resorts (“Wyndham”)
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,100 hotels across over 95 countries on six continents. Through its network of over 836,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 24 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company’s award-winning Wyndham Rewards loyalty program offers approximately 95 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com
The Company may use its website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Disclosures of this nature will be included on the Company’s website in the Investors section, which can currently be accessed at www.investor.wyndhamhotels.com. Accordingly, investors should monitor this section of the Company’s website in addition to following the Company’s press releases, filings submitted with the Securities and Exchange Commission and any public conference calls or webcasts.
About Wyndham Rewards
Named the number one hotel rewards program by readers of USA TODAY, Wyndham Rewards® is the world’s most generous rewards program with more than 50,000 hotels, vacation club resorts and vacation rentals worldwide. Designed for the everyday traveler, members earn a guaranteed 1,000 points with every qualified stay and may redeem points for a wide range of rewards, including free nights at any of the approximately 9,000 hotels or tens of thousands of vacation club resorts and vacation rentals globally through affiliation with Wyndham Destinations and others. Wyndham Rewards has approximately 95 million enrolled members globally.
Join for free today at www.wyndhamrewards.com. You’ve earned this. ®
Issued By: Swan Consultancy Sdn. Bhd. on behalf of Hospitality 360 Sdn Bhd and Wyndham Hotels & Resorts