Richmond Asia Group Partners with Barceló Hotel Group to
Operate Richmond Estelar, Kuala Lumpur
Mr. Aaron Yap (Left) and Mr. Jose Canals (Right) shaking hands after the signing of the Hotel Management Agreement between Richmond Asia Group and Barceló Hotel Group in Kuala Lumpur.
OCTOBER 2025 – Richmond Asia Group announced the signing of a Hotel Management Agreement (HMA) with Barceló Hotel Group, to operate Richmond Estelar, a landmark hospitality-led development in the heart of Kuala Lumpur’s Golden Triangle.
Set against the city’s most iconic backdrop, Richmond Estelar is envisioned as a new benchmark in urban luxury. The development comprises 199 exclusive hotel suites, carefully designed to blend the prestige of international hospitality with the resilience of income-generating real estate. The project is slated for completion in Q4 2028.
With its limited collection of suites in Kuala Lumpur’s most coveted district, where prime land is nearly impossible to replicate, Richmond Estelar offers a truly rare ownership opportunity.
Located in the KLCC – Bukit Bintang corridor, one of the city’s busiest hubs for international travellers, the milestone is set to drive stronger accommodation demand and higher spending. The area’s colonial-era shophouses have been reimagined into themed bars, fine dining restaurants, and concept stores, cementing its status as both a food haven and a lifestyle destination.
Crowning the development will be a Michelin-starred sky dining experience, supported by world-class concierge services and refined architectural details. This integration of lifestyle and investment reflects Richmond Asia Group’s philosophy of creating premium, resilient assets that combine lifestyle and investment value.
Richmond Asia Group partners with Barceló Hotel Group was driven by the brand’s track record of excellence, international prestige, and operational expertise. Founded in 1931, Barceló Hotel Group has a legacy spanning nearly a century, operating over 300 hotels in 30 countries across Europe, the Americas, the Middle East, Africa, and Asia. Known for its high-quality service and adaptability across luxury properties, Barceló is widely recognised as a brand that delivers consistency and global appeal.
“This partnership with Barceló Hotel Group marks a new chapter for Richmond Asia Group,” said Aaron Yap, CEO and Executive Director of Richmond Asia Group. “By combining Barceló Hotel Group’s global standards with our investment-led strategy, we deliver world-class service and sustainable returns.”
The agreement reflects Richmond Asia Group’s commitment to pioneering hospitality-driven investments that redefine Malaysia’s property landscape with lasting value and impact.
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