Sime Darby seeks buyer for Melaka hotel
SIME Darby Bhd is making a second attempt in six years at disposing of its hospitality asset Hotel Equatorial Melaka for an estimated RM180 million, which would also involve assuming the hotel’s debt.
Impact on Sime minimal even if hotel deal materialises
Maintain neutral with an unchanged target price of RM8.
Best Western Hotels and Resorts launches hotel in Bandung
BANGKOK (Dec 4): Best Western Hotels and Resorts has launched a brand new upscale hotel, Best Western Premier La Grande Hotel, in Bandung on Dec 1.
IGB Corp 3Q net profit up 37.6%, driven by property investment-retail, hotel units
KUALA LUMPUR (Nov 25): IGB Corp Bhd saw a 37.
Meliá Group expands in Southeast Asia
WHEN Gabriel Escarrer opened his first hotel in Palma de Mallorca, Spain, in 1956, it was the starting point of Meliá Hotels International’s growth.
Multibillion 8 Conlay project in Kuala Lumpur sees 70% booking rate for first residential tower
KUALA LUMPUR: About 70% of the first residential tower of 8 Conlay, comprising 564 serviced apartment units, has been booked, said KSK Land Bhd managing director Joanne Kua on Wednesday.
KSK Land’s 8 Conlay to launch first residence tower on Nov 18
KUALA LUMPUR (Nov 14): Developer KSK Land Sdn Bhd will be launching the first residential tower of its much-anticipated integrated project, 8 Conlay, in Kuala Lumpur on Nov 18.
Taiwan’s first Marriott Hotel opens
TAIPEI (Nov 5): The Taipei Marriott Hotel, a new five-star luxury establishment with 320 luxury guest rooms and suites, five distinct restaurants and a spa, has opened in the heart of the city.
IGB expands hospitality footprint with new Sydney hotel
SYDNEY (Nov 5): IGB Corp Bhd expanded its hospitality operations to Australia with the official opening of The Tank Stream Hotel in Sydney yesterday at an event officiated by Carol Giuseppi, the CEO of Tourism Accommodation Australia.
Penang insists hotels have correct permits or face consequences
GEORGE TOWN (Oct 3): Penang island authorities will continue to clamp down on illegal hotel owners, if they still continue to ignore the order to submit applications to get temporary permits, local government exco Chow Kon Yeow said yesterday.
