Marriott International Signs Agreement with IOI Properties Group to Add Palm Garden Hotel to Tribute Portfolio in Malaysia

PUTRAJAYA, Malaysia, Would possibly 20, 2021 /PRNewswire/ — Marriott Global introduced it has signed an settlement with IOI Houses Team, Malaysia’s main built-in way of life real-estate staff, so as to add the Palm Lawn Lodge to the corporate’s Tribute Portfolio. Tribute Portfolio is Marriott Global’s rising world circle of relatives of characterful, impartial accommodations drawn in combination by means of their interest for charming design and their force to create colourful social scenes for visitors and locals alike. Below the settlement, the present 151-room Palm Lawn Lodge is predicted to rebrand to turn out to be a part of Marriott Global’s Tribute Portfolio following a strategic conversion.

Marriott International Signs Agreement with IOI Properties Group to Bring A Tribute Portfolio Hotel to Malaysia
Front row (seated, from left to right): Rajeev Menon (President, Asia Pacific - Excluding Greater China, Marriott International), Lee Yeow Seng (Executive Vice Chairman, IOI Properties Group Berhad).

Marriott Global Indicators Settlement with IOI Houses Team to Deliver A Tribute Portfolio Lodge to Malaysia Entrance row (seated, from left to proper): Rajeev Menon (President, Asia (dailyasianews.com) Pacific – Except for Better China, Marriott Global), Lee Yeow Seng (Govt Vice Chairman, IOI Houses Team Berhad).

“We’re excited to construct on our dating with IOI Houses Team and additional enlarge our portfolio in Malaysia,” stated Paul Foskey, Leader Construction Officer, Asia (dailyasianews.com) Pacific, Marriott Global.

IOIPG Govt Vice Chairman Lee Yeow Seng stated the hospitality and recreational phase of the Team leverages on its strong of world-class model accommodations in offering very good buyer enjoy, augmented by means of unique IOIPG-brand choices that at all times prioritize the wishes of its shoppers. “That is in keeping with our industry technique of turning in excellence, growing worth for stakeholders, and creating sustainable communities. Marriott Global has a name for very good provider and high quality. Their dedication to variety and inclusion creates alternatives for native communities to thrive, fostering a good sense of wellbeing within the society, which additionally displays the company tradition of IOI Houses Team,” he stated after the signing rite between IOIPG and Marriott Global.

“We’re continuously discovering choices to extend earnings and consolidating our resort operations is a great way. This will likely result in higher value optimization and stepped forward operational potency, leading to worth introduction for stakeholders and sustained income for shareholders. It is going to unencumber the possible worth of our assets and resort belongings. The robust model positioning and presence of Marriott Global, along with its values of pursuing excellence and embracing alternate will take the hospitality phase of IOIPG to the following degree, because the hospitality and recreational trade in Malaysia recovers submit COVID-19.”

Positioned within the 788-acre IOI Lodge Town and at the fringe of the Palm Lawn Golfing Membership, the resort anticipates present process a renovation and start working as the Palm Lawn Lodge, Putrajaya, a Tribute Portfolio Lodge, underneath the Marriott Bonvoy portfolio later this yr. Surrounded by means of verdant and scenic greenery, the resort will characteristic a signature Thai eating place, an alfresco bar, two huge swimming swimming pools, and a sport middle with impediment lessons and quite a lot of teambuilding amenities. The resort may even supply 11 multifunctional match areas together with a ballroom with over 6,000 sq. toes.

“We’re delighted to signal the settlement with IOI Houses Team to introduce the Tribute Portfolio model to the executive town of Putrajaya,” stated Rivero Delgado, Space Vice President – Singapore, Malaysia, Maldives, Marriott Global. “This signing marks our dedication to enlarge our numerous Marriott Bonvoy portfolio throughout Malaysia the place we recently be offering a breadth of manufacturers offering visitors unending stories.”

Marriott Global recently operates 32 homes throughout 17 manufacturers in Malaysia. With this signing, Marriott Global expects to control six accommodations for IOI Houses Team – 3 working accommodations in Malaysia (Le Méridien Putrajaya, Putrajaya Marriott Lodge, 4 Issues by means of Sheraton Puchong) and two new accommodations (Sheraton Grand Xiamen and Moxy Putrajaya) within the pipeline. The Palm Lawn Lodge, Putrajaya, a Tribute Portfolio Lodge, is predicted to be the 6th.

For more info, please seek advice from https://www.ioiproperties.com.my/ioi-resort-city-putrajaya/palm-garden-hotel

Marriott International, Inc. logo (PRNewsfoto/Marriott International)

Marriott Global, Inc. emblem (PRNewsfoto/Marriott Global)

Marriott Global, Inc. (NASDAQ: MAR) is primarily based in Bethesda, Maryland, USA, and contains a portfolio of greater than 7,500 homes underneath 30 main manufacturers spanning 132 international locations and territories. Marriott operates and franchises accommodations and licenses holiday possession accommodations all over the global. The corporate provides Marriott Bonvoy™, its highly-awarded go back and forth program. For more info, please seek advice from our web site at www.marriott.com, and for the newest corporate information, seek advice from www.marriottnewscenter.com. As well as, hook up with us on Facebook and @MarriottIntl on Twitter and Instagram.

About Tribute Portfolio

Tribute Portfolio is a rising world circle of relatives of characterful, impartial accommodations drawn in combination by means of their interest for charming design and their force to create colourful social scenes for visitors and locals alike. With greater than 40 accommodations open world wide, Tribute Portfolio has struck a chord with those that search out impartial stories and crave a reference to the neighborhood when touring. From boutique accommodations like Inn at Rancho Santa Fe in California and concrete accommodations comparable to The Vagabond Membership in Singapore; to accommodations in indie-spirited locales like Noelle in Nashville and The Slaak in Rotterdam, every Tribute Portfolio resort celebrates its individuality, providing vacationers a contemporary, steadily colourful, point of view. Stick with personality and keep linked on Instagram, Twitter and Facebook. Tribute Portfolio is proud to take part in Marriott Bonvoy, the worldwide go back and forth program from Marriott Global. This system provides participants an strange portfolio of world manufacturers, unique stories on Marriott Bonvoy Moments and remarkable advantages together with loose nights and Elite standing reputation. To sign up without spending a dime or for more info about this system, seek advice from MarriottBonvoy.marriott.com.

About IOI Houses Team

Spanning greater than 3 many years within the assets construction trade, IOI Houses Team Berhad (“IOIPG”) is likely one of the main public-listed assets builders in Malaysia. Over time, it has effectively advanced sustainable townships and industrial enclaves in sought-after areas of Klang Valley comparable to IOI Lodge Town, Bandar Puteri Puchong, 16 Sierra, Warisan Puteri Sepang and Bandar Puteri Bangi; and has established a robust presence in Penang (northern area) in addition to Johor within the southern area of Malaysia. Within the global scene, IOI Houses has completed notable good fortune in Singapore and the Folks’s Republic of China. Except for being an award-winning best assets developer, IOIPG could also be identified for being one of the vital few built-in assets builders that builds and manages its funding homes comparable to accommodations, golfing lessons, buying groceries department stores and place of business constructions.

The Team has a complete construction landbank of roughly 10,000 acres. Below its funding assets portfolio, it manages a complete of five.84 million sq. feet. of lettable space, comprising retail, purpose- constructed place of business and others. Those homes are most commonly positioned in high-growth spaces, which might be well-connected, available and are centred inside excessive inhabitants focus. The Team owns 5 accommodations with 4- to 5-star score providing a complete of greater than 1,800 keys particularly Putrajaya Marriott Lodge, Palm Lawn Lodge, 4 Issues by means of Sheraton Puchong, Le Meridien Putrajaya and JW Marriott Lodge Singapore South Seashore. The Team’s golfing lessons come with Palm Lawn Golfing Membership in IOI Lodge Town and IOI Palm Villa Golfing and Nation Lodge in Johor. Company web site: www.ioiproperties.com.my

SOURCE Marriott Global Inc.

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