Hilton Worldwide (NYSE: HLT) today announced the signing of a management agreement with Pinnacle Nexus Sdn. Bhd. (a member of Cornerstone Partners) to open DoubleTree Resort by Hilton Penang. Located in the northern beach area of Penang near the UNESCO World Heritage Site of George Town, DoubleTree Resort by Hilton Penang will add to the existing pipeline of five hotels in Malaysia where Hilton Worldwide currently operates six hotels under the Hilton and DoubleTree by Hilton brands.
“We are very pleased to be working with a well-respected partner such as Pinnacle Nexus to introduce the DoubleTree by Hilton brand to Penang. The signing of this agreement underscores our commitment to developing Hilton Worldwide’s portfolio of brands in Malaysia. DoubleTree Resort by Hilton Penang will be a tremendous addition to the brand’s rapidly-expanding global portfolio across six continents and at the same time, bolster the country’s tourism profile to attract more travelers to Malaysia,” said Andrew Clough, senior vice president of development, Middle East & Asia Pacific, Hilton Worldwide.
Penang is one of the top three economic centers amongst the states of Malaysia, as the country’s manufacturing hub for major international high-tech electronics companies. Well known for being a tourist destination, Penang has tremendous potential as it continues to develop its MICE infrastructure as well as medical tourism offerings.
The existing hotel building will undergo an extensive refurbishment of its public areas, as well as rooms and suites before joining DoubleTree by Hilton’s fast-growing global collection of more than 415 hotels and resorts in gateway cities, metropolitan areas and vacation destinations around the world. DoubleTree Resort by Hilton Penang will become the brand’s third property in Malaysia when it opens in 2016, joining DoubleTree by Hilton Kuala Lumpur and DoubleTree by Hilton Johor Bahru