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San Francisco, CA - July 12, 2004 - With business conditions
around the world rebounding, and an overall positive outlook for future
business growth, Pan Pacific Hotels and Resorts is planning ahead for the
company's own growth with development plans and renovations at most every
property in the company's portfolio.
Totaling approximately $50,000,000, and ranging from $150,000 to nearly $20,000,000 per property, the details on the individual property renovations are summarized below. Pan Pacific Whistler, Canada: Recently completed at the cost of nearly CDN$980,000 (or approximately USD$757,000), this property features two enhancements, namely the 650 square foot, mountain view Singing Pass Meeting Room and a new Pacific Suite, for the exclusive use of Pan Pacific guests. In addition, guest rooms will receive CDN$185,000 (or approximately USD$143,000) of refurbishment in 2004, including new pillow top mattresses, dishwashers, wooden blinds and premium towels. Pan Pacific San Francisco, United States: This recently
completed $4,000,000 renovation includes a remodel of all 338-guest rooms
as well as the construction of an entirely new 2,000 square foot, 21st
floor meeting venue. Room enhancements include flat screen TVs, Herman
Millar desk chairs as well as new soft goods, Sealy Posturepedic Celestial
120 cushion firm mattresses and LOC Digital Wall in-room safes.
Pan Pacific Singapore, Singapore: The S$5,000,000 (or approximately USD$2.85 million) remodel includes upgrades to the main entrance and lobby, renovation of the fitness centre/spa, new landscaping at the pool deck, installation of wireless broadband Internet throughout the entire hotel, new Herman Millar "Aeron" desk chairs in all guests rooms as well as the conversion of the 22nd floor into an Executive Business/Conference Centre - a business concept floor that provides a wide range of business services with meeting and private lounge facilities. Pan Pacific Sonargaon Dhaka, Bangledesh: A comprehensive, overall upgrade, this $20,000,000 refurbishment includes renovation of the 304 guest rooms and all public areas. Additionally, the hotel will have a new 600-space subterranean car park to accommodate more cars. Pan Pacific Glenmarie Kuala Lumpur, Malaysia: Budgeted at approximately $5,000,000, this resort is in the process of upgrading all 264 rooms as well as the restaurants and function rooms. This renovation will also include a 20,000 square foot Therapeutic Spa. Puteri Pan Pacific Johor Bahru, Malaysia: With refurbishments of $700,000, this project entails renovation of the 300 guest rooms and 12 corridors, upgraded PABX system, high speed Internet and Astro TV. Pan Pacific Kuala Lumpur, Malaysia: Budgeted for approximately $1,800,000, refurbishments are planned for the Panoramic Rooms, Pacific Floor Rooms, the Coffee House, Ballroom, Front Entrance Garden, elevators, escalators and swimming pools. Pan Pacific Kuala Lumpur International Airport, Malaysia: This RM4,200,000 (or approximately USD$1,150,000) project includes new carpet for the lobby area, guest rooms, corridors and health center. Additionally, new wallpaper adorns the guest rooms, while new upholstery enhances furniture and window coverings. Pan Pacific Manila, Philippines: Budgeted at P12.8 million (or approximately USD$230,000), refurbishments feature upgrades to the property's health, fitness and leisure facilities including the hotel's swimming pool as well as the upcoming construction of a new gym. Additionally, a new elevator is being constructed for the convenience of guests visiting the adjoining podium shopping and dining complex. The renovation also includes re-upholstery and repainting of suites and rooms and remodeling of the Business Center. All IT systems, including Internet connections, have also been upgraded with the installation of fiber optic connections enabling up to 10Mbps of high speed broadband service. Pan Pacific Yokohama: As the Pacific Floor's centerpiece,
this property's
Pan Pacific Bangkok, Thailand: Budgeted at approximately $155,000, the renovation is primarily internal and heart of the house, including upgrading elevator cables, boiler pump feed and water pipes. Sari Pan Pacific Jakarta, Indonesia: With an approximate budget of $325,000, upgrades are primarily operational, including new Fidelio software for the front office, replacement of PABX equipment and new bomb blast film for plate glass on the entire front of the hotel lobby. Palau Pacific Resort, Micronesia: Another heart of the house refurbishment, this project is budgeted at $979,000 and includes upgrades to existing hot water pipelines to provide better flow of hot water to the Ocean View Rooms. Pan Pacific Hotels and Resorts currently encompasses 22 hotels (15 managed properties and 7 marketing affiliates) in 11 countries in Asia, the Pacific and North America. |
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Contact:
Molly Cahill (925) 631-7971 [email protected] www.panpacific.com |