United Airline From Hong Kong, joined Jan 2001, 9363 posts, RR: 13 Posted (8 years 1 month 2 weeks 1 day 10 hours ago) and read 2498 times:
Read on the internet.
Grand Hyatt Duta Kuala Lumpur was supposed to be completed by 1997 but due to the bankruptcy of the developer everything was put on hold and is 80% done only.
From what I read, Hyatt International has abandoned that hotel and decided to open up a Grand Hyatt right next to Petronous Twin Tower. Wonder why they don't spend the money and resume the project instead of building a new one.
Hyatt would have only been lending their name to the hotel. Since the developer became insolvent, Hyatt would have been able to walk away from the project and come to terms with another hotel operator.
9MMAR From Malaysia, joined Jul 2006, 2110 posts, RR: 17
Reply 3, posted (8 years 1 month 1 week 6 days ago) and read 2375 times:
There was a rumour that a new development plan awaits the abandoned Grand Hyatt Duta Kuala Lumpur, but it was not materialised. The future of the building in question remain uncertain and yes, it was constructed up to around 40 storey tall before being abandoned until today.
I am also puzzled on why there is no one interested in that building. Based on the original plan, the building is going to be KL's 4th tallest at 243 meter tall. It is located next to LRT Damai Station (light transit line), opposite the Bukit Nanas KL Monorail Station, within walking distance to KLCC and Hard Rock Cafe and also close to 2 others luxury hotels in KL, the Renaissance New World and the Sheraton Imperial. Maybe it has bad feng shui because it is located by the river and prone to KL's notorious flash flood?
Hyatt has since signed a new agreement for a development of a new hotel in Kuala Lumpur. I am not sure about the actual location, but I believe it is going to be around the KLCC area. Construction has yet to commence.
Here is the rendering of the new Grand Hyatt in Kuala Lumpur.