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Aspen signs management agreement, MoUs with Mariott International

Michelle Zhu
Michelle Zhu • 2 min read
Aspen signs management agreement, MoUs with Mariott International
SINGAPORE (Feb 4): Aspen Group’s joint venture (JV) with IKEA Southeast Asia, Aspen Vision City, on Saturday signed a management agreement with Mariott International to operate the Aloft Penang Batu Kawan hotel when it opens in Penang, Malaysia, in 2023
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SINGAPORE (Feb 4): Aspen Group’s joint venture (JV) with IKEA Southeast Asia, Aspen Vision City, on Saturday signed a management agreement with Mariott International to operate the Aloft Penang Batu Kawan hotel when it opens in Penang, Malaysia, in 2023.

The two companies also signed a memorandum of understanding (MoU) to develop one of the residence towers of Vogue Lifestyle Residence under the Aloft brand – where Marriott International will provide various services for the marketing and management of the residences, and where residents can also enjoy exclusive hotel services provided by Aloft Hotels upon request.

Aloft Penang Batu Kawan comes as part of Aspen Vision City’s 245-acre mega mixed development, where over 2 million sq ft of retail spaces and 4,500 parking spaces are now ready for business as of Feb 2019.

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