A total of 40 hotels are set to be developed in Johor, Malaysia, and close to half are expected to reach completion by 2017, according to the Business Times.
The hotels will all be between three and five stars, and will help keep the city's new wave of tourists housed. Johor is about to be a top tourist destination in the country for theme parks, and the city is in desperate need of more hotel properties, the news source reported.
While there is some concern that it could overwhelm the commercial real estate market, some experts think that if the plan is implemented slowly, it will work out.
"Should all the hotels open according to schedule, with the opening of Legoland, followed by Hello Kitty Town, Little Big Club and LAT theme parks, room supply should be just nice," Tengku Ahmad Faizal, chairman of the Johor chapter of the Malaysian Association of Hotels, told the news source. "Looking at up to 2015, there will be sufficient rooms to cater to the expected increase in tourists."
The news source added that by 2014, there could be as many as 3,000 additional hotel rooms in the city.