Billion Waterfront Hotel
LABUAN: An 18-storey shopping mall and hotel will be built around the compound of Billion Waterfront Hotel here.
Chief executive officer of the hotel, Shamsul Sahari, said the billion ringgit project would occupy six acres of land.
“There will be a convention hall in the new building as the demand for convention hall usage here in Labuan is high. The current convention hall in the Labuan Financial Park is no longer sufficient to meet all the demands for function, meeting and others.
“An exhibition hall will also be set up in the new building,” he said, adding that the plan would be finalised within three years before it could be implemented.
Shamsul added that the new building would be a landmark for Labuan. He also disclosed that they are now renovating another 80 rooms in the hotel which are expected to be finished by June or July this year.
Billion Waterfront Hotel currently has 95 rooms.
When asked about the occupancy rate in the hotel, Shamsul said that the rooms are almost 95 percent booked each day due to the booming oil and gas industry here.
