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December 2023
Transaction News: Gamuda Land announces its first hotel project
01 December 2023
Gamuda Land (T12) Sdn. Bhd., a wholly owned subsidiary of Gamuda Land Berhad (“
Gamuda Land
”), and Dusit Overseas Company Limited (“
Dusit
”) announced the signing of a hotel management agreement in relation to ASAI Gamuda Cove yesterday.
The event is a significant milestone for both parties as it represents Gamuda Land’s first hotel project and Dusit’s maiden venture into hotel management in Malaysia.
The ASAI Gamuda Cove is a 280-room hotel located in the Gamuda Cove 1,530 acre township development by Gamuda Land. It is expected to commence operations in Q1 of 2026.
Skrine is pleased to announce that we represented Gamuda Land (T12) Sdn. Bhd. in the hotel management agreement, technical services agreement and trademark licensing agreement. The team comprised
Theresa Chong
(Consultant),
Jesy Ooi
(Partner) and
Engy Tan
(Senior Associate) of our Hospitality and Tourism Practice, and
Leela Baskaran
(Partner) of our Intellectual Property Practice.
Media coverage of this transaction can be accessed at:
https://theedgemalaysia.com/node/692161
https://www.businesstoday.com.my/2023/11/30/dusit-hotels-and-resorts-to-manage-first-malaysian-hotel-in-collaboration-with-gamuda-land/
https://www.thestar.com.my/business/business-news/2023/12/01/gamuda-land-to-build-rm150mil-hotel-in-gamuda-cove
https://www.bernama.com/en/news.php?id=2249627
https://themalaysianreserve.com/2023/11/30/dusit-hotels-and-resorts-signs-to-manage-its-first-hotel-in-malaysia-as-part-of-the-eagerly-anticipated-gamuda-cove-township-set-to-open-near-kuala-lumpur-in-2026/
This alert contains general information only. It does not constitute legal advice nor an expression of legal opinion and should not be relied upon as such. For further information, kindly contact skrine@skrine.com.