Indonesia-based Rajawali Group is investing more than RM400 million to build the St Regis Langkawi (located at Pantai Beringin) and the Langkawi International Convention Centre (LICC).
The group has allocated RM300 million to build 84 suites and 11 villas for St Regis Langkawi, with the help of strategic partner Starwood Hotels & Resorts Worldwide, operator of the luxury St Regis Hotel chain.
The group is also investing over RM100 million to build a 5,000 sq ft convention centre which can accommodate up to 1,000 people.
Both projects will be developed on a fasttrack mode for completion within 15 months, in time for the Asean Summit in April 2015.
Rajawali Group chairman and chief executive officer Tan Sri Peter Sondakh said the company started its investment in Langkawi in 2005 with the acquisition of Sheraton Perdana Resort, which was later rebranded as Westin Hotel Resort and Spa Langkawi.
“We always believe that tourism is the prime mover in developing Langkawi and for that reason, we are bringing St Regis here,” he said at the project’s ground-breaking ceremony by Prime Minister Datuk Seri Najib Razak yesterday.
“We are proud to be part of the provider to cater for the demand for luxury tourism in Langkawi and to help develop Langkawi tourism sector while creating job opportunities for the local community,” adding that Langkawi has huge potential to attract high-end international tourists.
“We need assistance from federal and state governments, Langkawi Development Authority and the Ministry of Finance. Tourism is the key element to develop the island,” he said.
Rajawali Group has a 20-year partnership with Starwood through various hotel names.
Image: New Straits Times