MTT Co Sets Sail into Hospitality Industry with Evergreen Laurel Hotel Acquisition

Updated: Apr 17

In an exciting development for Penang’s hospitality landscape, Malaysia Trade and Transport (MTT) Co. Sdn. Bhd., a beloved related company of MTT Shipping Sdn. Bhd., has recently acquired the iconic Evergreen Laurel Hotel located in the heart of Penang’s vibrant Gurney Bay. This strategic acquisition aligns seamlessly with the ongoing redevelopment of Gurney Bay’s waterfront area, promising to enhance the experience for residents and tourists alike.

Acquiring the Hotel coincides with Gurney Bay’s ambitious redevelopment project aimed at transforming the waterfront into a dynamic and attractive destination. The project encompasses the creation of a picturesque park, pedestrian-friendly pathways, and inviting waterfront promenades, all of which are situated right at the hotel’s doorstep. This holistic approach to urban renewal underscores Penang’s commitment to fostering economic growth and enhancing the quality of life for its residents and visitors.

Expressing enthusiasm for the new addition to our family, Group Executive Chairman of MTT Shipping stated “We extend a heartfelt welcome to our new colleagues, embracing them into our family. Here, we champion sustainability and inclusivity, valuing the diverse perspectives and contributions of every team member. We will work towards our commercial goals and always fostering an inclusive workplace culture where everyone feels respected and empowered to thrive.”

As part of the integration process, employees of related companies can now enjoy exclusive benefits, including access to the coveted “MTT Family rate” for all hotel stays and food & beverage services. This special privilege is extended to employees upon presentation of their business cards, fostering a sense of camaraderie and unity within the MTT family.

Looking ahead, MTT Shipping extends its best wishes to MTT Co. for the successful management and rejuvenation of the Hotel. Anticipation is high for the re-branding and grand re-opening of the hotel, which promises to set new standards in hospitality excellence in Penang.

Compare listings