PT Bintan Hotel Utama, a wholly owned subsidiary of Malaysia’s Landmarks Berhad, has entered into a joint venture with Singapore-based ML Hotel Investments Pte Ltd to develop two new Accor-branded hotels in Treasure Bay Bintan. The hotels, a 182-key Mercure and 162-key ibis Budget, are projected to open in 2017. Out of its 182 keys, 114 long-term leases will be made available for sale at the mid-scale Mercure Hotel. The two hotels will increase new supply to around 1,700 rooms currently within Bintan’s development pipeline, all of which are concentrated in the northern region of Bintan Island, within the Treasure Bay Integrated Resort and Lagoi Bay developments. Historically, Bintan Island has experienced fluctuations in annual arrivals. In 2013, the island recorded 657,647 visitor arrivals, a year-on-year decline of 10.1% from 2012. With development currently ongoing for Lagoi Bay, Treasure Bay and the new Bintan Airport, the island is likely to see renewed attractiveness as a tourism destination in years to follow.
HVS APAC HOSPITALITY NEWSLETTER.