Vertice inks corporate supply agreement for smart hotel chain biz

October 12, 2018 | By | Reply More

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PETALING JAYA: Vertice Bhd’s wholly owned subsidiary Vertice Construction Sdn Bhd (VCSB) and Smuzcity Bhd’s wholly owned subsidiary Smuzhotel Management Sdn Bhd (SMSB) have entered into a corporate supply agreement for the smart hotel chain business following a memorandum of understanding signed in July.

Vertice told Bursa Malaysia that the agreement has an initial term of one year, effective from Oct 12, 2018. After the initial term, the agreement will be automatically renewed for additional successive one-year period.

The agreement governs the supply relationship between VCSB and SMSB in respect of construction materials, hotel furnishing products and/or related services. In addition, SMSB may source the products or services from VCSB under the terms and conditions of the agreement.

“The rationale of the agreement is to further cement the relationship with Smuzcity and pave the way for Vertice to participate further in the construction activities in the development of building of smart hotel chain based on the concept of ‘unmanned’ and ‘cashless’ using technologies such as virtual reality, artificial intelligence and mobile apps which will be applied into various hotel services applications,” Vertice said.

Smuzcity has intention to expand its portfolio of unstaffed hotels to 100 in the next few years.

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