News about hospitality

Exsim Hospitality said its wholly-owned subsidiary Exsim Concepto Sdn Bhd (ECSB) had on May 30 accepted a letter of award (LOA) from TotalBuildz Sdn Bhd for the proposed job.

For the first nine months of FY2025, Exsim Hospitality logged a net profit of RM6.

The project began on Friday and is expected to be completed by March 20, 2026, with a defect liability period lasting up to 27 months after the Certificate of Practical Completion is issued.

Castaldi will also oversee Sunway Travel, which offers a wide range of services including corporate travel management, leisure travel packages, and tailored experiences.

The largest contract, valued at RM100 million, was awarded by Uni Land Sdn Bhd for works on a 456-room hotel at Empire City.

Exsim Hospitality plans to allocate RM86.

Under the contract, Exsim Concepto will serve as the nominated sub-contractor for interior design works covering common areas and unit carpentry for the 42-level serviced apartment, which features 508 residential units, three strata shop units, and various facilities.

The sub-contract, which is expected to be completed in three months, will contribute positively to the net assets, earnings and gearing of the company during the period, the company added.

Exsim Hospitality also said the contract will begin from Oct 18, subject to further confirmation by the main contractor.

The REIT reported a 14.