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Article: Royale Chulan on track to hit occupancy target
- Article from:
- New Straits Times
- Article date:
- June 8, 2009
- Author:
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Sharen Kaur
New Straits Times
06-08-2009
Royale Chulan on track to hit occupancy target
Byline: Sharen Kaur
Edition: Main/Lifestyle
Section: Business Times
Type: Company
THE Royale Chulan Kuala Lumpur is on track to achieve 60 per cent occupancy at an average room rate of RM350 a night by December 2009.
The five-star property is expecting double-digit revenue growth or more than RM10 million in sales, general manager Leo Kuscher told Business Times in Kuala Lumpur recently.
The Royale Chulan, wholly-owned by the Armed Forces Fund Board (LTAT), was built for over RM200 million in two years.
Located on Jalan Conlay, it features a 300-room hotel with nine food outlets, 15 meeting rooms and a ...