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It's a Paradox. Trump Tower developer rebrands Sydney's Radisson
It's a Paradox. Trump Tower developer rebrands Sydney's Radisson

The Age

timea day ago

  • Business
  • The Age

It's a Paradox. Trump Tower developer rebrands Sydney's Radisson

Capital gain Sydney's historic Radisson Blu Plaza hotel, which was the original home of publisher John Fairfax & Sons, is being rebranded under the Paradox chain. It will be the first Paradox hotel in the country. The brand is run by Macquarie University graduate and Canada's Trump Tower developer, Tiah Joo Kim. The sandstone building at 27 O'Connell Street which covers the block to Pitt Street was built in 1856. After the Fairfax business vacated, it served as the Bank of New South Wales, then as a Westpac Bank before beginning its life in hospitality as the five-star Radisson Blu Plaza Hotel in 2000. Malaysian-based TA Global has owned the property since 1997 and plans to expand the Paradox brand around the world. The group is run by one of Malaysia's richest families and has a global portfolio of hotels in five countries including Canada, Singapore, China and Thailand. Joo Kim was appointed chief executive at just 36, overseeing the company's portfolio, including the development of Canada's then Trump International Hotel and Tower in Vancouver. The rebrand will start on July 1 under the guardianship of the hotel's long-standing general manager Peter Tudehope, who is the former chairman of Tourism Accommodation Australia NSW. Farm sale

It's a Paradox. Trump Tower developer rebrands Sydney's Radisson
It's a Paradox. Trump Tower developer rebrands Sydney's Radisson

Sydney Morning Herald

timea day ago

  • Business
  • Sydney Morning Herald

It's a Paradox. Trump Tower developer rebrands Sydney's Radisson

Capital gain Sydney's historic Radisson Blu Plaza hotel, which was the original home of publisher John Fairfax & Sons, is being rebranded under the Paradox chain. It will be the first Paradox hotel in the country. The brand is run by Macquarie University graduate and Canada's Trump Tower developer, Tiah Joo Kim. The sandstone building at 27 O'Connell Street which covers the block to Pitt Street was built in 1856. After the Fairfax business vacated, it served as the Bank of New South Wales, then as a Westpac Bank before beginning its life in hospitality as the five-star Radisson Blu Plaza Hotel in 2000. Malaysian-based TA Global has owned the property since 1997 and plans to expand the Paradox brand around the world. The group is run by one of Malaysia's richest families and has a global portfolio of hotels in five countries including Canada, Singapore, China and Thailand. Joo Kim was appointed chief executive at just 36, overseeing the company's portfolio, including the development of Canada's then Trump International Hotel and Tower in Vancouver. The rebrand will start on July 1 under the guardianship of the hotel's long-standing general manager Peter Tudehope, who is the former chairman of Tourism Accommodation Australia NSW. Farm sale

TA Global breaks ground on RM3b CloutHaus next to Petronas Twin Towers
TA Global breaks ground on RM3b CloutHaus next to Petronas Twin Towers

The Sun

time3 days ago

  • Business
  • The Sun

TA Global breaks ground on RM3b CloutHaus next to Petronas Twin Towers

KUALA LUMPUR: TA Global Bhd celebrated a significant milestone recently with the official groundbreaking of the superstructure construction for CloutHaus, marking the launch of one of the most anticipated luxury developments in the heart of Kuala Lumpur City Centre (KLCC). The event, held at the CloutHaus construction site on Jalan P. Ramlee, was officiated by CEO Tiah Joo Kim, COO Lee Yen Foong, and representatives from main contractor HAB Construction. CloutHaus will feature two towers rising to 276m with an estimated GDV of RM3 billion. The first tower, CloutHaus Residences, will offer 615 luxury serviced apartment units in a 66-storey tower, and completion is slated for Q2'29. The second tower will house Malaysia's first Paradox Hotel and 242 Paradox-branded residences. 'CloutHaus is more than a development – it is a statement,' said Tiah. 'Located next to the iconic Petronas Twin Towers, this is the ultimate address of luxury. We envisioned CloutHaus as a sanctuary for the influential. Every detail, from the architecture to the amenities, has been crafted for those who expect the very best from the places they call home.' The name CloutHaus symbolises influence and home, reflecting the development's vision to be a sanctuary for the powerful and discerning. Fully furnished units will range from 549 sq ft to 1,216 sq ft offering a mix of studio, 1-, 2- (including dual-key), and 3-bedroom layouts. At the ceremony, TA Global also announced the appointment of HAB Construction as the main contractor for CloutHaus, awarding a contract for the superstructure main building works valued at RM993.5 million. 'We are thrilled to collaborate with TA Global on a landmark project like CloutHaus. As a construction partner, we are excited to help realise this bold vision, transforming one of Kuala Lumpur's last prime sites into a vertical community that redefines city living,' said HAB Construction executive director Ong Tien Ling.

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