Ascott Signs Landmark Hotel Management Agreement At Coronation Square, IIBD Within The Johor-singapore Special Economic Zone ...Middle East

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Ascott Signs Landmark Hotel Management Agreement At Coronation Square, IIBD Within The Johor-singapore Special Economic Zone
source : hospitality net ( Middle East ) () 64
The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), has been appointed by Coronade Properties Sdn Bhd (Coronade Properties) to manage the hotel component of the Coronation Square integrated development. The development is strategically located in the Ibrahim International Business District (IIBD) within the Johor-Singapore Special Economic Zone (JS-SEZ) and will be directly connected to the upcoming Rapid Transit System (RTS) Link. Operating under Ascott’s flagship namesake brand, Ascott Coronation Square Johor Bahru will serve as a flagship hospitality development in the JS-SEZ, catering to rising demand from increased cross-border business, tourism and investment activities. The collaboration represents the first major hospitality partnership since the landmark JS-SEZ agreement between Malaysia and Singapore in January 2025, highlighting the zone’s emerging appeal for cross-border business ventures. The project also marks the debut of ...

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