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.
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.
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