E&O to sell Lone Pine Hotel in Penang for RM85 mil
KUALA LUMPUR (June 19): Eastern & Oriental Bhd (E&O) is divesting one of its subsidiaries, E&O Express Sdn Bhd (EOE), which owns and operates the Lone Pine Hotel in Batu Feringghi, Penang, for RM85 million.
Anzo gets Selayang Hot Spring contract
KUALA LUMPUR (June 14): Anzo Holdings Bhd secured a RM10.
Ascott Residence Trust acquires Doubletree by Hilton hotel in Manhattan for S$148 mil
SINGAPORE (May 31): Ascott Residence Trust (ART) is acquiring DoubleTree by Hilton Hotel New York – Times Square South for US$106 million (S$148.
MPHB Capital expands property segment
AMPANG (May 29): MPHB Capital Bhd is expanding its property investments to grow the company's earnings.
Four Seasons Place to be completed by year end, hotel and mall target to open next year
KUALA LUMPUR (May 26): Four Seasons Place, the second-tallest building in Malaysia, will be completed by the end of this year.
IGB Corp 1Q profit jumps 122%, helped by divestment gains
KUALA LUMPUR (May 23): IGB Corp Bhd's net profit jumped 122% in the first financial quarter ended March 31, 2017 (1QFY17) to RM115.
International conference on WCSC 2017 to address current and future urban challenges
PETALING JAYA (May 14): The ninth International Conference on World Class Sustainable Cities 2017 (WCSC 2017) will have the theme “Transforming Cities: Design, Nature and Human Lives”, to reflect the current – and address future – urban challenges faced in meeting the demands of an increasingly populous world.
CDL Hospitality Trusts gets a DPU kick from The Lowry
SINGAPORE (May 8): DBS is maintaining its “buy” call on CDL Hospitality Trusts with a revised target price of S$1.
ECM Libra identifies hotel ops as new core business
KUALA LUMPUR (May 5): ECM Libra Financial Group Bhd has identified hotel management and ownership as its new core business after disposing of its investment banking and securities business in 2012.
