Shangri-La Hotels' 3Q net profit surges 158% on-year on improved leisure demand
Revenue increased by 49.
Iconic Group introduces Iconic Marjorie Hotel; signs franchise deal with Marriott International
Iconic Group chairman and Iconic Penang director Datuk Seri Tan Kean Tet said the collaboration with Marriott signified the group’s effort to expand its presence in the hotel industry.
I-Bhd announces partnership with Wyndham Hotels & Resorts
The existing property is a luxury condominium with a gross development value (GDV) of RM820 million.
YTL REIT proposes rental revisions, refurbishment of AC Hotel chain
In a Bursa Malaysia filing on Tuesday, YTL REIT said the lessees of its AC hotel chain are agreeable to the increase in annual rental for all three hotels amounting to a collective RM2.
Lee Hock Seng takes on director role at Impiana Hotels, set to be deputy exec chairman
The company said Lee and his spouse Datin Seri Joanne Yew Hong Im are currently the group’s largest substantial shareholders, with 120.
YTL Hospitality REIT buys Stripes hotel for RM138m cash in related party deal
Hotel Stripes Kuala Lumpur, Autograph Collection is a five-star hotel, located along Jalan Kamunting in Kuala Lumpur.
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Plenitude buys second hotel in Seoul for RM114 mil
The company said its first hotel in that country, Travelodge Myeongdong Euljiro, has been registering an occupancy rate of above 80% and an average daily rate of more than 90,000 won (RM320) since January.
HYM Group chairman emerges as largest shareholder of Impiana Hotels
The group said Advance Opportunities Fund and Advance Opportunities Fund I have ceased to be the group’s substantial shareholders, with the former offloading its entire 65 million shares or 10.
IGB’s Tank Stream Hotel in Sydney to be managed by EVT Hotels and Resorts
The Tank Stream Hotel is a 15-storey hotel building with 280 rooms.
AmanahRaya REIT to sell Holiday Villa Resort Hotel in Langkawi for RM145 mil
AmanahRaya REIT, which is expected to record a gain of RM45 million, said the proposed disposal is in line with the trust’s growth strategy to unlock and realise higher returns on its investments at a favourable price.
