WCT AND HYATT ANNOUNCES DEVELOPMENT OF HYATT PLACE JOHOR BAHRU, PARADIGM MALL

WCT AND HYATT ANNOUNCES DEVELOPMENT OF HYATT PLACE JOHORBAHRU, PARADIGM MALL

Set to open in 2022, the hotel will be part of one of the largest regional malls in Johorand will expand Hyatt’s select service offering in Malaysia

JOHOR BAHRU, Malaysia (June 20, 2019) – Hyatt announced today that a Hyatt
affiliate has entered into a management agreement with a subsidiary of WCT Holdings
Berhad (“WCT”) to develop a Hyatt Place hotel in Johor Bahru. The new 200-room
Hyatt Place Johor Bahru, Paradigm Mall will fuel Hyatt’s growth in Malaysia where
Hyatt is expected to double its current portfolio of five hotels by 2022.

“We are grateful to work with WCT for the first time to introduce the Hyatt Place brand
to Johor Bahru, one of the fastest growing cities in Malaysia,” said David Udell, Hyatt’s
group president, Asia Pacific. “A destination in itself, Paradigm Mall Johor Bahru offers
an ideal locale for Hyatt Place Johor Bahru, which will provide professionals and leisure
travellers with a relaxed, quality hotel experience in a prime leisure, retail and dining
hub.”

 Signing ceremony between

(Left) Mr. Patrick Finn, Senior Vice President, Real Estate & Development, of Hyatt Hotels and Resorts and

(Right) Dato’ Lee Tuck Fook, Group Managing Director, WCT Holdings Berhad.

Agreement being witnessed by

(Left) Dato' Willi Martin, Area Vice President, South East Asia of Hyatt Hotels and Resorts and (Right) Mr. Goh Chin Liong,  Deputy Managing Director of WCT Berhad

Exchange of agreement between

(Left) Mr. Patrick Finn, Senior Vice President, Real Estate & Development of Hyatt Hotels and Resorts and

(Right) Dato’ Lee Tuck Fook, Group Managing Director, WCT Holdings Berhad.

Ceremony being witnessed by

(Left) Dato' Willi Martin, Area Vice President, South East Asia of Hyatt Hotels and Resorts and (Right) Mr. Goh Chin Liong,  Deputy Managing Director of WCT Berhad

The Hyatt Place brand is founded on extensive consumer insights indicating that
guests seek stylish, comfortable, seamless experiences that accommodate their
lifestyles and routines. The brand offers casual hospitality and purposeful service in a
smartly designed, high-tech and contemporary environment, which the new Hyatt
Place hotel in Johor Bahru will embody.

“We are delighted to work with Hyatt as well to embrace and integrate the Hyatt Place
brand’s unique approach to hospitality with our retail mall and residential components.
We are confident given the prospects and business vibrancy of Johor Bahru that this
new hotel will be well received by the local Johoreans, as well as business and leisure
travellers from various parts of Malaysia and Singapore,” said Dato’ Lee Tuck Fook,
Group Managing Director of WCT Holdings Berhad.

“We are thrilled to see the growing interest in this versatile select-service brand among
owners and developers in Malaysia as we continue to grow our distribution in the
region and provide more diverse experiences for our guests,” said Patrick Finn, Hyatt’s
senior vice president, real estate and development, Asia Pacific. “Hyatt Place Johor
Bahru, Paradigm Mall will reinforce our growing portfolio in Malaysia as we look to
double the number of Hyatt hotels there over the next few years.”

Hyatt Place Johor Bahru, Paradigm Mall will feature 200 guestrooms, a cafe, swimming
pool, fitness centre, as well as more than 2,400 square feet (225 square meters) of
meeting space. The hotel will be part of a carefully-crafted 13-acre integrated
development that includes the Paradigm Mall Johor Bahru and the soon-to-belaunched
Paradigm Residence. The development will be located in the vibrant hub of
Skudai district, which is considered the geographical centre of Johor Bahru due to its
central location and accessibility from the surrounding areas.

Standing from left to right: Dato' Willi Martin, Area Vice President, South East Asia of Hyatt Hotels and Resorts;  Mr. Patrick Finn, Senior Vice President, Real Estate & Development, Hyatt Hotels & Resorts,   Dato’ Lee Tuck Fook, Group Managing Director, WCT Holdings Berhad,

Mr. Goh Chin Liong,  Deputy Managing Director of WCT Berhad

Standing from left to right: Dato' Willi Martin, Area Vice President, South East Asia of Hyatt Hotels and Resorts; 

Mr. Patrick Finn, Senior Vice President, Real Estate & Development, Hyatt Hotels & Resorts,  

Dato’ Lee Tuck Fook, Group Managing Director, WCT Holdings Berhad,  

Situated within a 10-minute drive from Johor Bahru City Centre, the hotel will provide
direct access to major highways, including the Skudai Highway, Pasir Gudang
Highway, North-South Highway, and Second Link Expressway. Additionally, the hotel
will be conveniently located within reach of various amenities, including education,
healthcare, popular attractions and the Senai International Airport. The seven-storey
Paradigm Mall Johor Bahru opened in late 2017 and offers more than 500 retail shops
operating on 1.3 million square feet of retail space and 4,200 carpark bays.

For more information about Hyatt Place hotels, please visit hyattplace.com