News about hotel

SINGAPORE (May 5): The Ascott Ltd, CapitaLand’s wholly-owned serviced residence business unit, has acquired a prime property on New York’s Fifth Avenue.

KUALA LUMPUR (May 2): Sunway Real Estate Investment Trust (Sunway REIT) says it is on track to achieve its RM10 billion property value target by the financial year ending June 30, 2020 (FY20) — which is just a little over three years away — via both asset enhancement initiatives and acquisitions of new strategic assets.

KUALA LUMPUR (April 20): Meda Inc Bhd is disposing of its hotel The Summit Hotel Bukit Mertajam in Penang for RM20 million to partially fund its working capital requirements.

KUALA LUMPUR (April 13): UMLand has soft-launched a 312-single-bed youth-centric hotel called Bedtel in Bandar Seri Alam in Johor Bahru last month.

KUALA LUMPUR (April 10): YTL Corp Bhd announced that its subsidiary YTL Land Sdn Bhd has disposed of all its holdings in YTL Majestic Hotel Sdn Bhd to YTL Hotels & Properties Sdn Bhd (YTLHP) as part of an internal reorganisation of the group's structure.

KUALA LUMPUR (April 7): The new tourism tax bill that was just passed is expected to affect KLCCP Stapled Group, which owns Mandarin Oriental Kuala Lumpur Hotel that is already facing a challenging environment.

STRATA COMMERCIAL CATEGORY — GOLD MENARA BANGKOK BANK @ BERJAYA CENTRAL PARK Located at Jalan Ampang, Kuala Lumpur, Menara Bangkok Bank at Berjaya Central Park is situated right opposite Renaissance Hotel just 1km away from KLCC.

PETALING JAYA (April 4): Paramount Corporation Bhd today announced the development of the hotel component in its integrated development in Shah Alam, Utropolis Glenmarie.

IN early March, Chinatown Hotel on Teck Lim Road was put up for sale.

KUALA LUMPUR (March 29): Bintai Kinden Corp Bhd has bagged a S$14.