Kumul Consolidated Holdings (KCH) has signed a Memorandum of Understanding with Hong Kong property developer, Shin Kong Pacific Investment Limited.
The MoU is to explore the construction and development of a five star hotel property consisting of up to 500 rooms classified into different categories, and coupled with various facilities.
Management of the proposed hotel will be undertaken by a highly reputable global hotel operator.
Shin Kong Pacific Investment Limited is an experienced real estate developer in Asia, and focusses on Japan and Taiwan.
KCH Managing Director, Garry Hersey, says a project site which will take the best advantage of Port Moresby’s natural beauty is yet to be located, and that the first stage of development of this hotel, is expected to be ready for APEC in 2018.
