KUALA LUMPUR (Dec 17): Mah Sing Group Bhd will appoint Topotels Sdn Bhd to run the former's Meridin Hotel Suites in Iskandar Malaysia, Johor.
In a press release today, Mah Sing group managing director Tan Sri Leong Hoy Kum said its wholly-owned subsidiary Meridin Hospitality Sdn Bhd had signed a letter of intent with Topotels.
“[email protected] is poised to benefit from its location just right next door to Legoland Malaysia, which drew more than 1 million visitors since its opening. The project has done very well and we are optimistic of very good response to Meridin Suites as well,” Leong said.
Meridin Hotel Suites comprises two 27-storeys blocks, which come with studios, besides one and two-bedroom suites in phase 2 of [email protected]
[email protected], located within the new Medini Iskandar township in Johor Bahru, is within walking distance to the Lego Land theme park.
[email protected], which will comprise hotels and residential buildings, is located on 3.6ha (8.19 acres) fronting the Persisiran Pantai JB-Nusajaya highway.
Mah Sing shares increased three sen or 1.39% at 12.30pm to RM2.19, giving it a market capitalisation of RM3.23 billion.
The stock had gained 3.1% this year, outperforming the FBM KLCI's 9.73% decline.
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