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Ascott signs deal to manage a new hotel in Malaysia's Johor Bahru, marking a major JS-SEZ project.
Ascott, part of CapitaLand Investment, has signed a deal to manage a new hotel in Johor Bahru, Malaysia, marking its first major project in the Johor-Singapore Special Economic Zone (JS-SEZ) since the January 2025 agreement.
The hotel, part of the RM5 billion Coronation Square development, is set to open in late 2029 and will include a mall, offices, and residences.
The project highlights growing cross-border collaboration and confidence in the region's growth.
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Ascott firma un acuerdo para gestionar un nuevo hotel en Johor Bahru, Malasia, marcando un importante proyecto JS-SEZ.