IOI Properties to buy W Kuala Lumpur hotel from Tropicana for RM270 mil cash
W KL is a 25-storey hotel with 150 rooms.
W KL is a 25-storey hotel with 150 rooms.
The group’s property investment, recreation and resort segment has also seen a significant improvement which is evidenced by the increase in the occupancy rates of the hotels owned by the group.
Dion Tan, Group Managing Director of Tropicana, stated that: “As a community builder, it is our lifetime commitment to extend our support and spread happiness to the underprivileged community – be it children, adults or even pets.
“With Johor emerging as a top-tier investment destination in Malaysia, Tropicana remains confident and optimistic that the Johor property outlook remains positive,” says Karen Lee, managing director of Tropicana Southern Region.
Nestled in the heart of the mature Puncak Alam town, the 362-acre Tropicana Alam beckons with a harmonious mix of nature, a picturesque central park, a tranquil lake and spacious homes all within a gated setting.
The sustainable township “offers eight key pillars for all market segments: residential, retail, F&B, education, wellness, silver hair, parks and recreation.
DONE DEAL: Terraced house, Taman Megah 2, Selangor DONE DEAL: Semidee, Taman Lian Hoe, Kuala Lumpur Situated within the suburb of Petaling Jaya, this secured residential enclave hosts thousands of residents who greatly appreciate the accessibility and luxury of having resort-style amenities.
Following the first phase’s success, Tropicana Corp Bhd introduced Merissa Serviced Suites with 60 beachfront homes in a low-rise serviced suites tower.
The initiative saw the upgrading of existing facilities including eight commercial lots, enhanced washroom and surau facilities, and the allocation of more than 70 parking bays for cars, motorcycles and bicycles, to cater for the needs of travellers and visitors and in support of Langkawi’s tourism segment.