KOTA KINABALU - The first five-star hotel in Kundasang is set to be built on the foothills of Sabah's iconic Mount Kinabalu.
The RM300million (S$122 million) Royal Kinabalu Mountain Resort will have 494 rooms and suites, half of them to be sold for private ownership akin to the time-sharing concept. Each unit costs between RM800,000 and RM1mil.
At the sales launch yesterday, only five units of the 280 hotel suites for private ownership were available following heavy bookings from a pre-launch marketing drive around the state.
"We have a waiting list of about 40 buyers," Kinsabina Sdn Bhd managing director Francis Goh said at the launch by state Tourism, Culture and Environment Minister Datuk Masidi Manjun.
He attributed the success to the guaranteed returns of at least 6 per cent rental yield or profit-sharing from the room revenue pool in the next 15 years.
Goh said the hotel, to be operated by Signforce, would have a grand ballroom that could seat 1,000 people, besides an indoor heated swimming pool and other five-star facilities.
Situated about one kilometre away from the Kinabalu Park, he gave the assurance that Kinsabina as the developer, would adopt green building engineering.
This included micro-piling as well as harnessing solar and natural water sources for energy efficiency and conservation.
-The Star/Asia News Network
It will have 494 rooms and suites, half of them to be sold for private ownership akin to the time-sharing concept.
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KOTA KINABALU - The first five-star hotel in Kundasang is set to be built on the foothills of Sabah's iconic Mount Kinabalu.
The RM300million (S$122 million) Royal Kinabalu Mountain Resort will have 494 rooms and suites, half of them to be sold for private ownership akin to the time-sharing concept. Each unit costs between RM800,000 and RM1mil.
At the sales launch yesterday, only five units of the 280 hotel suites for private ownership were available following heavy bookings from a pre-launch marketing drive around the state.
"We have a waiting list of about 40 buyers," Kinsabina Sdn Bhd managing director Francis Goh said at the launch by state Tourism, Culture and Environment Minister Datuk Masidi Manjun.
He attributed the success to the guaranteed returns of at least 6 per cent rental yield or profit-sharing from the room revenue pool in the next 15 years.
Goh said the hotel, to be operated by Signforce, would have a grand ballroom that could seat 1,000 people, besides an indoor heated swimming pool and other five-star facilities.
Situated about one kilometre away from the Kinabalu Park, he gave the assurance that Kinsabina as the developer, would adopt green building engineering.
This included micro-piling as well as harnessing solar and natural water sources for energy efficiency and conservation.
-The Star/Asia News Network
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