Impiana Hotels and Resorts Management to Manage a New Hotel in Bangabandhu Hi Tech Park, Gazipur, Bangladesh

Date: April 2018

Location: Bangabandhu Hi Tech Park, 40 km from Dhaka city and 25km from Zia International Airport, Gazipur, Bangladesh

Name: Impiana Bangabandhu Hi Tech Hotel – opening Q4 2018

No. of Keys: 400

Seller:

Buyer: Indigo Bangladesh Hotel and Resort Ltd, to be managed by Impiana Hotels and Resorts Management Sdn Bhd (IHRM).

The agreement was signed between Encik Azrin Kamaluddin, Chief Operating Officer
and Mr Stephan Gnagi, General Manager-Hotel Group of IHRM and Mr Kazi Zashimul
Islam, President of Indigo Bangladesh Hotel and Resort Ltd.

Indigo Group is a diversified business institution engaged in construction,
telecommunication, electronics, hotel, logistics and food industries.

They operate in partnership with various prestigious organisations in Bangladesh.

Impiana Hotels, Resorts and Spas is a regional chain of luxury hotels, resorts and
spas in Malaysia, Thailand and Indonesia.

Headquartered in Malaysia, Impiana, with eight hotels in Malaysia, Indonesia and Thailand, is presently active in expanding its collection of hotels and private villas which include Impiana Hotel Senai in Malaysia (opening in June 2017) and Impiana Private Villas Cemagi (opening in Q2 2017) and Impiana Private Villas Ubud (opening in Q4 2018).

THPT Comment: Impaina is an interesting company, expanding outside of their home country of Malaysia…perhaps into Europe?

According to industry sources (in 2017), 15 more 5-star hotels will be set up in Bangladesh over the next three years to help the hospitality sector get along with the development thrust as the country pushes on plans to become a middle-income economy by 2021.

The existing 5-star hotels cannot fully accommodate the international guests.

At present, there are seven 5-star hotels in the country, having a little over 1600 suites and rooms, which can accommodate around 2000 guests.

Of these, Intercontinental Hotel, the oldest one in the country, is now undergoing renovations and is likely to reopen in February 2018.

Pan Pacific Sonargaon Hotel has 277 suites and rooms, the Westin Dhaka has 235, Radisson Blu Dhaka Water Garden 200, Le Meridien Dhaka 304 and Four Points by Sheraton 149 suites and rooms.

The Radisson Blue Chittagong Bay View boasts of 241 suites and rooms with pleasing views of the commercial capital.

There was a time when only two luxury hotels — Purbani in Dhaka and Agrabad in Chittagong — were operating in the country. The two hotels are still operating along with many others across the country in the 3-star category.

 

The international hotel chains which are expanding business in Bangladesh include Hotel Sheraton, Holiday Inn, JW Marriott, Swiss Hotel, Hyatt Regency, Element Hotel, Saint Regis Hotel, Hilton Hotel and Dusit Hotel.

They will operate 5-star hotels built by local entrepreneurs in capital Dhaka, port city Chittagong, tourist town Cox Bazar and divisional cities like Khulna and Mymensingh.

The upcoming ventures will offer around 4,000 5-star standard rooms and suites apart from other facilities.

“With the expansion of Bangladesh’s economy, the demand for luxury accommodation is increasing.

The existing luxury hotels are inadequate to fulfil the demands of the growing number of guests in Bangladesh,” said Md Al-Amin, Director of Sales and Marketing.

First Seen: Impiana website

Additional Reporting: Daily Sun