The five-star Hotel Equatorial Penang, which has been in operation for more than 30 years, is set to shut its doors for good by March 31, the latest hospitality casualty of Covid-19.
In an internal memo to employees, general manager Alan Ong said the decision was made due to the “adverse business conditions caused by Covid-19”, reported the Malay Mail.
Hotel Equatorial Penang has been hit by continued border closures and a second lockdown during the pandemic
The hotel’s last day of operations has yet to be decided, but it will be before March 31, he added.
“Until we officially cease operations, all of you shall remain as employees of the hotel and we remain committed to upkeep the strong heritage and name of Hotel Equatorial Penang,” Ong said in the letter dated January 25.
Despite having chalked up “huge losses”, the company said that it will still pay severance benefits to employees, with details to be announced later.
The five-star Hotel Equatorial Penang, which has been in operation for more than 30 years, is set to shut its doors for good by March 31, the latest hospitality casualty of Covid-19.
In an internal memo to employees, general manager Alan Ong said the decision was made due to the “adverse business conditions caused by Covid-19”, reported the Malay Mail.
The hotel’s last day of operations has yet to be decided, but it will be before March 31, he added.
“Until we officially cease operations, all of you shall remain as employees of the hotel and we remain committed to upkeep the strong heritage and name of Hotel Equatorial Penang,” Ong said in the letter dated January 25.
Despite having chalked up “huge losses”, the company said that it will still pay severance benefits to employees, with details to be announced later.