The Ascott Limited has signed a partnership with Coronade Properties to manage its first property in Johor Bahru, Ascott Coronation Square Johor Bahru, set to open in the second half of 2029.
Located in the Ibrahim International Business District (IIBD), the 207-key, five-star property will occupy Tower 1 of the RM5 billion (US$1.18 billion) Coronation Square Johor Bahru development.
The mixed used 3.9 hectares project, the first in IIBD, will feature a hotel, medical suites, offices, a shopping mall, and residences, and will be directly connected to the upcoming Rapid Transit System (RTS) station at Bukit Chagar and the Customs, Immigration and Quarantine complex via a 210-m elevated walkway.
Targeting leisure, business, and long-stay guests, the hotel will offer facilities such as a restaurant, swimming pool, fitness centre, residents’ lounge, and meeting rooms. Signature Ascott touches will include themed suites, curated lobby art, bespoke service from the Ascott Artisan, and cultural programming under the Ascott Soirée initiative.
The hotel management agreement for Ascott Coronation Square Johor Bahru was signed by Serena Lim, Chief Growth Officer, Ascott (third from left) and Datin Paduka Alinah Ahmad, Director of Corporate Relations, Coronade Properties (third from right). The signing was witnessed by Guests of Honour Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of National Development, Singapore (second from left), Yang Amat Berhormat Dato’ Onn Hafiz bin Ghazi, Menteri Besar of Johor (second from right), alongside Kevin Goh, Chief Executive Officer, The Ascott Limited and Lodging, CapitaLand Investment (left most) and Chew Siou Hong, Development Director of Coronade Properties (right most). Photo Credit: Ascott
Kevin Goh, CEO, The Ascott Limited and Lodging, CapitaLand Investment, said: “Today marks a proud and significant milestone, not only for Ascott and Coronade Properties, but also for the broader vision of cross-border collaboration between Singapore and Malaysia. As the first major hospitality partnership under the Johor-Singapore Special Economic Zone framework, this project reflects the increasing momentum behind cross-border collaboration and our confidence in the region's growth potential.”
The integrated development will offer some 4,500 basement parking lots, including around 700 bays reserved for RTS users. Construction of the mall will start in 2026, with completion targeted for 2030.
Johor Bahru is entering a new phase of growth and Ascott aims to capture rising demand from various travel segments, whilst deepening its growth in Malaysia with over 40 properties in operation and under development, covering brands such as Citadines, lyf, Oakwood, Somerset, The Crest Collection, The Unlimited Collection, Fox and Harris.