Hyatt has entered into a management agreement with Eosh Properties, an affiliate of KAJ Development, for a Hyatt Place hotel in Melaka Gateway, Malaysia. Expected to open in late 2019, Hyatt Place Melaka Gateway will be part of the Melaka Gateway, a mixed-use project currently being developed by KAJ Development.
“Hyatt Place Melaka Gateway will be the first Hyatt Place hotel in Malaysia,” said David Udell, group president – Asia Pacific for Hyatt Hotels Corporation. “The opening of this hotel will mark a significant milestone for Hyatt as the Hyatt Place brand continues to expand worldwide and offer more choices to our guests in key gateway cities.”
Hyatt Place Melaka Gateway will be located on the western coast of Malacca City, and will be a key component of the Melaka Gateway mixed use development, which will be comprised of three reclaimed islands. When the development is fully completed in 2025, Melaka Gateway will include office towers, residential space, hotels, a convention center, shopping centers and the largest cruise terminal in Asia. Malacca City is a UNESCO World Heritage Site.
“We are very excited to bring the first Hyatt Place hotel to Malaysia,” said Datuk Michelle Ong, CEO of KAJ Development and founder & CEO of Melaka Gateway. “We believe the Hyatt Place brand will be an excellent addition to Melaka Gateway, and will nicely complement the overall development for the area. Melaka Gateway is set to redefine the town of Melaka and reinvigorate the development of this historical area.”
Announced nearly three years ago, the 607-acre Melaka Gateway project will comprise one natural and two man-made islands, with an estimated gross development value of $12 billion.