Royale Chulan Bukit Bintang sold at RM177 million, 10% lower than original price
PETALING JAYA (Jan 18): Singapore-listed Hotel Royal purchased the Royale Chulan Bukit Bintang Hotel Kuala Lumpur at RM177.
Boustead mulls more Bukit Bintang asset sale
PETALING JAYA (Nov 30): Boustead Holdings Bhd is considering selling more assets in Jalan Bukit Bintang, The Edge reported today.
Royale Chulan Bukit Bintang sale yet to be approved — Mindef official
KUALA LUMPUR (March 21): The conditions for the sale of the Royale Chulan Bukit Bintang Hotel have yet to be fulfilled and as such the hotel still belongs to Boustead Holdings Bhd, a ministry of defence (Mindef) official said yesterday.
Boustead goes ahead with Royale Chulan Hotel sale, two weeks after Mindef said it wasn't a done deal
KUALA LUMPUR (March 15): Boustead Holdings Bhd inked a sale and purchase agreement (SPA) today with Singapore's Hotel Royal Ltd to sell its Royale Chulan Bukit Bintang Hotel for RM197 million, cash, just over two weeks after the Ministry of Defence (Mindef) said the sale wasn't a done deal.
Mindef: Boustead’s sale of hotel not confirmed, valuation still underway
KUALA LUMPUR (Feb 27): The Defence Ministry (Mindef) has clarified that Boustead Holdings Bhd has yet to dispose of the Royale Chulan Bukit Bintang Hotel, saying the valuation process is still underway.
Boustead accepts offer to sell Royale Chulan Bukit Bintang for RM197m
KUALA LUMPUR (Feb 19): Boustead Holdings Bhd announced today it is disposing of its Royale Chulan Bukit Bintang Hotel business to Singapore-based Hotel Royal Ltd for RM197 million.
Boustead seeking bids for Royale Chulan Bukit Bintang
PETALING JAYA (Dec 8): Boustead Holdings Bhd, owner and operator of a portfolio of hotels is seeking bids for Royale Chulan Bukit Bintang in Kuala Lumpur, after having received offers to purchase it.
