News about hospitality

KUALA LUMPUR (Nov 27): YTL Hospitality Real Estate Investment Trust’s (YTL REIT) net property income (NPI) grew 11.

KUALA LUMPUR (Sept 14): UEM Sunrise Bhd’s agreement with Ascendas Hospitality Trust to sell the service apartment component of the former’s Aurora Melbourne Central mixed development in Melbourne, Australia has fallen through.

PETALING JAYA: Thailand-based hospitality management group ONYX Hospitality Group (ONYX) targets to manage at least 10 hotels across its hotel brands in Malaysia by 2024.

KUALA LUMPUR (Aug 1): YTL Hospitality Real Estate Investment Trust’s (YTL REIT) fourth-quarter net property income (NPI) grew 3.

PETALING JAYA (Feb 13): Asia Pacific is the only region expecting growth in hotel transaction volumes in 2019 with an anticipated year-on-year growth of 15%, bringing the total transaction volume for the region to US$9.

KUALA LUMPUR (Nov 6): Hospitality player Low Yat Group today urged the Government to regulate short-term stays to curb the issue of accommodation oversupply in the hospitality and tourism industry.

KUALA LUMPUR (Oct 23): Country Heights Holdings Bhd announced today it is partnering with motor sport and lifestyle company Goldenport Motor Culture Development (Beijing) Co Ltd to set up an auto city and motor-sport track facilities for future automobile racing events in Malaysia.

PETALING JAYA (Sept 29): Hilton Garden Inn North – formerly the Cititel Express – and Hilton Garden Inn South – formerly the Hotel Empress – on Jalan Tunku Abdul Rahman, Kuala Lumpur, was sold for RM240 million by Singapore's Royal Group in August – barely three years after it had acquired the properties, reported The Edge Malaysia.

YTL Hospitality REIT (Sept 5, RM1.

KUALA LUMPUR (May 22): Hatten Land has inked a strategic partnership with Singapore proptech startup FundPlaces to launch Southeast Asia’s first hospitality blockchain platform, reported The Edge Singapore today.