Qatar Holdings, the owners of London’s iconic Harrods department store are in the final stages of planning for a branded hotel chain the most eccentric cities such as Paris, New York and London.
Qatar Holding has recently signed an agreement with Jerantas, a Malaysian company in order to start building a ‘Harrods’ hotel in Kuala Lumpur’s prestigious Bukit Bintang shopping district. In a statement released by Qatar Holding, they announced their plans to establish a hotel management company in order to develop similar projects in the world’s most prestigious cities.
They stated, “Qatar Holding ultimately intends to grow Harrods into a global enterprise that defines the luxury retail and leisure sectors”. In addition, the company said that they will start building the hotels on sites that they already own such as the famed Chelsea Barracks in London and Costa Smeralda in Sardinia.
Kuala Lumpur was the first city chosen for this tremendous project as it is a place with a ‘growing economy’ as described by Qatar Holding vice chairman Hussain Ali al-Abdulla. Construction on the estimated £406 million project is slated to start in a year, on the 5.5-acre site in Kuala Lumpur and is expected to consist of a 300+ room hotel, luxury apartments and retail space for prestigious shops.
Juan Martinez | Elite.