RAHSIA Estates, a property developer based in Kuala Lumpur, has appointed Ri-Yaz Hotels & Resorts to manage its new five-star hospitality project in Langkawi.
Currently being constructed at a cost of RM380 million (US$127 million), Rahsia Estates Resort Residences & Spa will comprise 268 hotel rooms and residential suites when it opens in mid-2015.
Rahsia Estates CEO, Hanizah Abdul Hamid, said: “This will be Langkawi’s first gated mixed hospitality and resort residential development.”
According to Hanizah, the 6.9-hectare estate will be divided into three precincts. Precinct 1 will have 121 apartment units ranging from 73m2 – 167m2, Precinct 2 will feature a 116-room hotel and spa, while Precinct 3 will offer 31 cabana villas with private pools and landscaped gardens.
Ri-Yaz Hotels & Resorts managing director, Shaheen Shah, said: “Our expected average room rate (for the Langkawi property) is RM1,200 a night, and we are targeting 65 per cent occupancy.”
Asian Overland Services Tours & Travel assistant account manager, Ronnie Chan, said: “This property will compete with the Four Seasons (Resort Langkawi) in price, which is hard to sell. It will be a bigger challenge to sell 268 units at that price. Our clients from Europe, Australia and Asia are more comfortable with rooms in five-star hotels costing about RM500-600 a night.”
Ri-Yaz currently operates two other hotels in Malaysia – the Cyberview Resort & Spa in Cyberjaya, and the Ri-Yaz Heritage Marina Resort & Spa in Duyong Island, Terengganu.
By N. Nithiyananthan
