MUI found a buyer for Corus Hotel KL, sources say
It is learnt that MUI is fetching a price in the range of RM250 million to RM280 million for the four-star hotel that is a stone’s throw from the Petronas Twin Towers.
It is learnt that MUI is fetching a price in the range of RM250 million to RM280 million for the four-star hotel that is a stone’s throw from the Petronas Twin Towers.
Exsim Hospitality’s unit, Mana Mana Holdings Sdn Bhd, will manage the 15-month refurbishment for a fixed fee of RM220,000.
The renovation will take 18 months and is slated for completion in December 2026.
SUNDAY Hotel was originally launched in May 2023 in India by a joint venture between Softbank and Oravel Stays.
Post-acquisition, the hotels will comprise approximately 5.
This follows reports earlier this month that Zahid said an individual, whom he did not name, had not signed documents to release his trustee responsibilities over a party asset.
A case management was held on Thursday before senior assistant registrar Nur Shasha Hidayah Nor Azhar, where a representative from the Attorney General’s Chambers had entered an appearance for the FT Land and Mines Department.
After acquiring two premier hotels namely Banyan Tree Hotel and Pavilion Hotel in Kuala Lumpur for a sum of RM480 million.
Pavilion REIT said the acquisitions align with its commitment to deliver premium offerings while capitalising on synergistic opportunities with Pavilion KL mall.
The site is situated in a prime location within Kuala Lumpur’s Golden Triangle, which encompasses the city’s financial hub as well as its main shopping and nightlife districts.