Johan Holdings’ unit to sell Lumut hotel and adjoining land for RM47.4m
KUALA LUMPUR (Feb 18): Johan Holdings Bhd (KL:JOHAN) said its 80%-owned unit is selling a hotel in Lumut, Perak, and three adjoining parcels of land for RM47.
KUALA LUMPUR (Feb 18): Johan Holdings Bhd (KL:JOHAN) said its 80%-owned unit is selling a hotel in Lumut, Perak, and three adjoining parcels of land for RM47.
KUALA LUMPUR (Jan 30): Pavilion Real Estate Investment Trust (KL:PAVREIT) saw its net property income (NPI) in the fourth quarter rise 11.
KUALA LUMPUR (Jan 15): Construction outfit SC Estate Builder Bhd (KL:SCBUILD) has formalised an agreement to acquire a 25% equity interest in a non-operational hotel in Alor Setar for RM18.
KUALA LUMPUR (Jan 12): IGB Bhd's (KL:IGBB) associates have disposed of UK-based assets, including the St Giles Hotel London, for a total of £220 million (RM1.
The hotel is designed for gatherings, featuring a 703-sqm grand ballroom, four meeting rooms and a wedding pavilion.
The hotel, formerly Eastin Hotel Kuala Lumpur, was sold by CP Group to a private vehicle linked to former investment banker Datuk Lim Kheng Yew, founder of KYM Holdings Bhd KUALA LUMPUR (Dec 29): Marriott Hotels, the flagship brand of Marriott Bonvoy, announced the opening of the 393-key Petaling Jaya Marriott Hotel.
YTL Hotels had announced the acquisition of the Thistle Johor Bahru hotel from GuocoLand Ltd for RM150 million in September this year.
The hotel’s management has implemented smart energy systems, including motion-sensor lighting, optimised air-conditioning controls and efficiency chillers.
Earnings per share for the first quarter ended Sept 30, 2025 (1QFY2026) improved to 0.
Sunway REIT said the sale is part of its ongoing capital recycling strategy to optimise portfolio quality and long-term value creation.