PETALING JAYA (July 24): The century-old 1926 Heritage Hotel Penang has completed a RM20 million restoration, reopening as the first property in Malaysia to join The Unlimited Collection by The Ascott Limited, as adaptive reuse continues to expand Penang's heritage hospitality offering.
PETALING JAYA (July 7): ECM Libra Group Bhd (ECMLG) has entered into a joint venture (JV) with TP Real Estate Holdings Pte Ltd (TPRE) for Ormond Group Sdn Bhd (OGSB), while also executing hotel management agreements covering Ormond Hotel Sandakan and The RuMa Hotel and Residences.
KUALA LUMPUR (June 29): Pavilion Group and joint-venture partner Canada Pension Plan Investment Board have achieved a major construction milestone with the topping-out of the 31-storey Corporate Suites-Hotel Tower at Pavilion Damansara Heights New Phase.
KUALA LUMPUR (June 8): Radium Development Bhd has unveiled The Face Chancery Hotel, the hospitality component of its Chancery Ampang mixed-use development, marking the group’s maiden venture into the hotel sector.
PETALING JAYA (May 28): Kuala Lumpur’s luxury hotel segment recorded transaction volumes of about RM660 million between 2023 and 2025, a 14% increase from the equivalent three-year period before the Covid-19 pandemic, as investor appetite for premium hospitality assets continued to strengthen, according to JLL.
PETALING JAYA (May 21): IGB Bhd posted a profit before tax (PBT) of RM621.
KUALA LUMPUR (May 21): Hospitality operator EXSIM Hospitality Bhd (KL:EXSIMHB) has secured a RM45 million contract from AmFIRST Real Estate Investment Trust (AmFIRST REIT) (KL:AMFIRST) to redevelop Summit Hotel USJ in UEP Subang Jaya, Selangor, into a 17-storey hotel with three basement levels.
PETALING JAYA (April 16): ECM Libra Group Bhd has completed the disposal of Tune Hotel George Town Penang to Wealthpro Holdings Sdn Bhd for a total cash consideration of RM51,888,000.
PETALING JAYA (April 9): Raia Hotels has expanded into the resort and leisure segment with the opening of its first beachfront property, Raia Beach Resort Port Dickson, marking a strategic extension of its hospitality portfolio in Malaysia.
KUALA LUMPUR (March 6): Magma Group Bhd (KL:MAGMA) said on Thursday it plans to acquire the LUMA Hotel in Kota Kinabalu for RM60.
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