Khazanah Signs Resort Development Agreement with Thailand Hotel Group
Malaysia’s Khazanah Nasional, through its sovereign wealth enterprise Destination Resorts & Hotels Sdn Bhd, has signed a deal to partner with Bangkok-based Minor Hotel Group Ltd (MHG) to build an Anantara resort in Malaysia. The resort and residences-for-sale will be developed with the Anantara brand, a suitable location for the development is in the works. This is Minor Hotel Group’s first hotel investment in Malaysia. MHG owns, operates and invests in hotels.
According to the release, Destination Resorts & Hotels Group Managing Director Tunku Ahmad Burhanuddin said, “DRH’s strategic intent is to further strengthen Malaysia’s hospitality value positioning. The collaboration, coupled with Anantara’s management experience and renowned reputation, clearly deepens our breadth in the luxury destination segment.”
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