News about hotel

KUALA LUMPUR (March 6): Magma Group Bhd (KL:MAGMA) said on Thursday it plans to acquire the LUMA Hotel in Kota Kinabalu for RM60.

KUALA LUMPUR (March 3): Shangri-La Hotels (M) Bhd (KL:SHANG) announced that managing director Christopher Phong Siew San will resign, effective May 31, according to a bourse filing on Monday.

KUALA LUMPUR (Feb 20): FBG Holdings Bhd (KL:FBG) has secured a RM238.

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.