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.
Ascott acquires hotel on New York’s Fifth Avenue for S$68 mil
SINGAPORE (May 5): The Ascott Ltd, CapitaLand’s wholly-owned serviced residence business unit, has acquired a prime property on New York’s Fifth Avenue.
‘Sunway REIT on track to RM10b property value’
KUALA LUMPUR (May 2): Sunway Real Estate Investment Trust (Sunway REIT) says it is on track to achieve its RM10 billion property value target by the financial year ending June 30, 2020 (FY20) — which is just a little over three years away — via both asset enhancement initiatives and acquisitions of new strategic assets.
Meda Inc to sell The Summit Hotel Bukit Mertajam for RM20 mil
KUALA LUMPUR (April 20): Meda Inc Bhd is disposing of its hotel The Summit Hotel Bukit Mertajam in Penang for RM20 million to partially fund its working capital requirements.
