The Ascott Limited, a subsidiary of CapitaLand Investment, has been chosen by Coronade Properties to manage the hotel component of the Coronation Square development in Johor Bahru. This strategic location within the Ibrahim International Business District (IIBD) and the Johor-Singapore Special Economic Zone (JS-SEZ) will be directly linked to the upcoming Rapid Transit System (RTS) Link, enhancing cross-border accessibility.
This agreement, signed today in Singapore, marks the first major hospitality collaboration since the historic JS-SEZ agreement between Malaysia and Singapore in January 2025. The project introduces the premier Ascott brand to Johor Bahru, expanding its presence in Malaysia to six properties, with others located in Kuala Lumpur and Penang.
Ascott Coronation Square Johor Bahru, set to open in the second half of 2029, will feature 207 rooms and cater to both leisure and business travellers. The hotel will offer comprehensive facilities, including a restaurant, swimming pool, fitness centre, and meeting rooms. It aims to provide a sanctuary of fine living with Ascott’s signature touches and curated experiences.
Coronation Square, a RM5 billion ($___) development by Coronade Properties, is designed to transform Johor Bahru into a world-class metropolis. It will include a hotel, medical, office, and residential components, as well as a 1.2 million-square-foot mall. The development will be directly connected to the RTS station at Bukit Chagar, enhancing seamless cross-border travel.
Datin Paduka Alinah Ahmad of Coronade Properties expressed pride in partnering with Ascott, highlighting the project’s role as a gateway for business and leisure travellers. Wong Kar Ling of Ascott emphasised the strategic importance of the JS-SEZ and RTS in driving Johor Bahru’s growth, reinforcing Ascott’s commitment to Malaysia’s hospitality landscape.
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