Analysts raise earnings forecast after PavReit adds two hotels to portfolio
After acquiring two premier hotels namely Banyan Tree Hotel and Pavilion Hotel in Kuala Lumpur for a sum of RM480 million.
Pavilion REIT proposes to buy chairman’s KL hotels for RM480m
Pavilion REIT said the acquisitions align with its commitment to deliver premium offerings while capitalising on synergistic opportunities with Pavilion KL mall.
Freehold site in Kuala Lumpur with hotel redevelopment potential for sale at RM65m
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.
Concorde Hotel Kuala Lumpur not for sale, says chairman
A news report last week revealed that Concorde Hotel Kuala Lumpur is up for sale at nearly RM700 million, along with the adjacent land.
Concorde Hotel KL up for sale at nearly RM700 mil, says report
"Several investors have shown interest in redeveloping the site because of its prime location.
Grand Central Enterprises gets delisting proposal, exit offer at 46 sen per share
The upcoming performance and earnings visibility would remain “tough moving forward,” they said, adding that the delisting would also cut costs and savings would be ploughed back into refurbishment of the hotels.
Trading of securities in Grand Central Enterprises to be halted next Monday, pending announcement
The group is principally engaged in hotels and service apartments, the provision of limousine services and hotel management.
MUI secures RM912 mil loan to refinance debt, renovate London hotel
The latest term loan facility is expected to increase the group’s gearing ratio to 1.
LFE Corp bags two contracts worth RM16.7m for hotel project in Penang
LFE said its wholly owned subsidiary LFE Engineering Sdn Bhd had accepted two letters of awards from MLG Design & Construction Sdn Bhd to be appointed as a subcontractor for the hotel project in George Town.
Tabung Haji in 'early discussion' with govt to reclaim its assets
Of the assets that were acquired, 80% were equities while the remaining 20% comprised properties.
