Hotel Istana Kuala Lumpur Is Closing Down
Times are tough for hotels during this COVID-19 pandemic. We blogged about over 700 hotels to close down and also over 200 hotels for sale in KL last year. Today, we got to know that Hotel Istana Kuala Lumpur is Closing Down.
Hotel Istana Kuala Lumpur will be closing down on 1 September 2021 according to circular from their management.
The notice of cessation of operations of Hotel Istana Kuala Lumpur is dated 30 June 2021.
“We have arrived at this decision after considering the present circumstances and all available options. We are left with little choice other than to proceed with this closure,” he said.
“Many of you will be aware that our competitive advantage has declined over a period of time in the face of stringent competition from our neighbouring hotels and service apartments. The situation has now been aggravated by the Covid-19 pandemic which has and continues to impact our industry and its ability to achieve normality.
“This has impacted our business, rates, returns and occupancy despite our best efforts. Even as a quarantine hotel, we are incurring monthly operational losses. As such after a proper evaluation of the hotel and its viability, we have decided to cease operations.’’
“In this regard we will be offering the employees a Volutary Separation Scheme. Our Human Resource team will communicate with you on the exit formalities in more detail in the next few days.”
Noorazzudin Omar, General Manager – Hotel Istana Kuala Lumpur
Hotel Istana Kuala Lumpur is built in 1992 and it is first five star hotel in Kuala Lumpur Malaysia. There is a lot of memories with the hotel as my parents first office was nearby and hence we passed by the hotel almost every day. We also went there for work as many events were at Hotel Istana Kuala Lumpur as it was the only five star hotel back then.
It is tough time for the hotel industry right now so please stay strong to all our travel industry friends who are trying to adapting to these trying times and please stay strong. It is sad to say that Hotel Istana Kuala Lumpur is closing down on 1 September 2021.