Hilton Worldwide Holdings is looking to boost its presence in Malaysia.
According to Nasdaq, Hilton has entered into an agreement with Pinnacle Nexus Sdn. Bhd. for the opening of a DoubleTree Resort in Penang. DoubleTree Resort by Hilton Penang will become the brand's third property in Malaysia, joining DoubleTree by Hilton Kuala Lumpur and DoubleTree by Hilton Johor Bahru. Pinnacle Nexus Sdn. Bhd. is a member of Cornerstone Partners.
The existing hotel building will undergo an extensive renovation before joining Hilton's brand. The 318-room property will officially open next year.