YPU to invest RM40mil to build two hotels

KUALA TERENGGANU: Yayasan Pembangunan Usahawan Terengganu (YPU) will build two three-star hotels, costing more than RM40 million, in the state.

"This is the first hotel project to be undertaken by the foundation," said its Genera Manager Azmi Razik in an interview with Bernama on Monday.

He said the "T Hotel" chain would create employment opportunities for 100 people when they begin operations in mid-2012.

Azmi also said the RM15 million three-storey T'Hotel would be built on a one hectare site near the Sultan Mahmud airport and have 76 rooms to cater for tourists arriving in the state.

The hotel would also boost of other facilities such as a convention hall, shops and a cafe.

Meanwhile, YPU is currently building a RM26 million entreprenuer complex in Kampung Banggol Tuan Muda, near here, which would comprise a hotel, batik village, an entreprenuer training centre and offices.

Azmi was confident the complex would enjoy good business as it was strategically located near institutions of higher learning and residential areas.

In another development, he said YPU would soon establish a RM100,000 T'Shop in Sungai Petani, Kedah, which would sell a variety of made-in-Terengganu products including batik, songket and brassware.

By Bernama