Malacca, Dec 1 — Koperasi Kesatuan Guru-guru Melayu Malaysia Barat Bhd (Koperasi KGMMB) has ventured into the hospitality industry with the opening of a boutique hotel, K3-KGMMB Mutiara Inn, worth RM7 million in Bukit Piatu here.
Its chairman, Datuk Mohamed Sabri Mohd Arsad, said the hotel venture was the cooperative’s move to diversify its business activities to ensure it remained competitive.
“Koperasi KGMMB was initially involved in the provision of credit before shifting to self-service laundry, which now operates 13 outlets around the Klang Valley.
“The opening of the hotel is a success as it enables the cooperative to broaden its business horizons and to spread its wings further in the future,” he said to reporters after the launch of the hotel by Melaka Chief Minister Datuk Seri Idris Haron here last night.
Koperasi KGMMB, which was established in 1972, has over 16,000 members nationwide and members’ funds of RM72 million. The cooperative also has overall assets of RM27 million.
Mohamed Sabri who is also Koperasi KGMMB president said the opening of the hotel with 29 rooms and four dormitories would be able to help Malacca by providing more accommodation for the state’s tourism industry.
He said members of Koperasi KGMMB had the opportunity to enjoy 20% discount if they stay at the hotel.
“The advantage of the hotel is that it has four dormitories that can accommodate 80 people at any one time and it offers reasonable charges at RM290 per night,” he said.
He said the cooperative planned to open more hotels throughout the country including in Telok Intan, Perak and Kota Baharu, Kelantan in the future.
He said the cooperative also expected to expand its self-service laundry business nationwide including in Sungai Petani, Kedah; Kangar, Perlis; Rawang Selangor; Johor, and Pahang.
He said the businesses ventured into would not only grow the cooperative’s assets but also provided opportunities to its members to venture into those businesses.