I-Bhd announces partnership with Wyndham Hotels & Resorts
The existing property is a luxury condominium with a gross development value (GDV) of RM820 million.
The existing property is a luxury condominium with a gross development value (GDV) of RM820 million.
In a Bursa Malaysia filing on Tuesday, YTL REIT said the lessees of its AC hotel chain are agreeable to the increase in annual rental for all three hotels amounting to a collective RM2.
The company said Lee and his spouse Datin Seri Joanne Yew Hong Im are currently the group’s largest substantial shareholders, with 120.
Hotel Stripes Kuala Lumpur, Autograph Collection is a five-star hotel, located along Jalan Kamunting in Kuala Lumpur.
The company said its first hotel in that country, Travelodge Myeongdong Euljiro, has been registering an occupancy rate of above 80% and an average daily rate of more than 90,000 won (RM320) since January.
The group said Advance Opportunities Fund and Advance Opportunities Fund I have ceased to be the group’s substantial shareholders, with the former offloading its entire 65 million shares or 10.
The Tank Stream Hotel is a 15-storey hotel building with 280 rooms.
The development is one of the strategic, high-value national flagship energy transition projects that have been set out under the National Energy Transition Roadmap (NETR) launched on Thursday (July 27), for which Khazanah was named as the champion for the RE zone in the country.
JAKS said its wholly-owned subsidiary, JAKS Power Sdn Bhd has signed a memorandum of understanding with Zero Carbon Energy Europe GmbH (ZC Energy).
AmanahRaya REIT, which is expected to record a gain of RM45 million, said the proposed disposal is in line with the trust’s growth strategy to unlock and realise higher returns on its investments at a favourable price.