GEORGE TOWN: Eastern & Oriental Bhd is targeting 2012 for the completion of the Eastern & Oriental Hotel extension project known as the Annexe.
Group managing director Datuk Terry Tham told a press conference that about RM150mil was spent on the construction of the Annexe, which would add another 139 suites for Eastern & Oriental Hotel, increasing its total number of suites to 240.
”The other components include a spa, a swimming pool, restaurants, and retail outlets,” he said.
Tham added that the original 28-storey height of the Annexe had been reduced to 15 storeys to comply with George Town’s heritage conservation guidelines. He was speaking after the presentation of the group’s RM1.8bil Quayside project by the US-based consultants.
Tham said the group’s Lone Pine Hotel, currently under renovation, would be ready in the final quarter of 2010.
”The completion of the renovation will increase the number of rooms to 90 from 50 previously.
”We are spending RM50mil for the renovation,” he said, adding that the last time Lone Pine Hotel underwent a facelift was in 1999.
On the group’s Quayside project, Tham said between 30% and 40% of Quayside’s gross sales value of RM1.8bil was spent for consultants on security, landscape, and architecture.
”We have received queries for about 110 condominium units of the first block Quayside project,” he said.
The first block of Quayside has 298 units and is located next to Straits Quay, which comprises a serviced suite component and a 250,000 sq ft marina and retail space that will be leased to food and beverage outlets.
”We will be going overseas in March to promote Quayside,” Tham said.
Tham said the master plan for the second phase of Seri Tanjung Pinang would be ready by 2017.
”We are taking into account the environmental factors in doing the master plan.
”We have till 2017 to reclaim 740 acres of land at Tanjung Tokong for the second phase,” he said.
By The Star
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