G City Club Hotel shuts down after 10 years in business

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G City Club Hotel Sdn Bhd, which manages a 180-room hotel under the trade name of GTower Hotel, is shutting down its hotel operations, after a decade in the business, due to a drop in occupancy rates. G City Club Hotel said the decision to cease operations was a direct result of low occupancy suffered in the past few years from increased competition from new hotels and the proliferation of homestays in the Kuala Lumpur City Centre (KLCC) vicinity (photos, above). “The hotel had been initially conceptualised and targeted at corporate travellers and the past few years have seen a sharp decrease in our corporate clientele, especially from the oil and gas industry,” it said in a statement yesterday. It said prolonged roadworks and the Mass Rapid Transit works in the KLCC vicinity have also created accessibility problems in the Jalan Tun Razak area, resulting in much lower occupancy f…