The London-based global hotel subsidiary of Singapore-listed GuocoLeisure Group, GLH, has launched a new luxury hotel and private residence brand, Clermont.
Clermont is launching with three developments on two continents with a gross development value of US$3.2bn (£2.1bn). The launch comprises a conversion of an already owned hotel in London and two new management contracts in Singapore and Kuala Lumpur.
The Royal Horseguards will become ‘Clermont London’ in 2014, after comprehensive renovation; Clermont Singapore will form part of the integrated mixed-use development Tanjong Pagar Centre, Singapore’s tallest building at 290 metres, due to open in 2016; and Clermont Kuala Lumpur will be situated within the iconic Damansara City on a prime freehold site in Damansara Heights, part of a mixed development to open in 2016.
The new developments in Singapore and Malaysia will feature luxury residential apartments: approximately 200 in Singapore and 370 in Kuala Lumpur.
GLH’s strategy is to launch 30 Clermont Hotels in globally significant locations over the next decade.
“We’re delighted to launch Clermont,” says CEO of GLH, Mike DeNoma. “Clermont is a vibrant entrant to the global luxury hotel market and we are thrilled to announce iconic new hotels and residences in a number of globally significant locations.”
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