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.
Marriott Hotels opens Perhentian Marriott Resort & Spa in Terengganu
It features 200 rooms and 17 villas and facilities, such as a 24-hour fully-equipped fitness centre and a yoga deck, swimming pools, jacuzzi, The Qi Forest Spa & Wellness, a 551 sq m grand ballroom with a built-in LED screen, and three restaurants called Dapur, Sekoci, and Greatroom Bar and Lounge.
Shangri-La Hotels' 3Q net profit surges 158% on-year on improved leisure demand
Revenue increased by 49.
I-Bhd announces partnership with Wyndham Hotels & Resorts
The existing property is a luxury condominium with a gross development value (GDV) of RM820 million.
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.
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.
Impiana looking to buy 70% of SOULed OUT operator
On Wednesday, the hotels and resorts operator announced that it had entered into a Memorandum of Understanding (MoU) with Choo Kok Yeow, a major shareholder of Cafelink who represents the existing shareholders of the company, to acquire 217,000 ordinary shares in the F&B operator.
Advance Opportunities Fund 1 ceases to be Impiana Hotels' substantial shareholder
Advance Opportunities Fund ceased to be a substantial shareholder of Impiana on April 14 after selling 21.
Hoteliers urge Putrajaya to reintroduce strict SOP to protect tourism industry
"Among the steps that need to be taken is to immediately reintroduce a strict standard operating procedure as a preparedness measure in addition to ensure that Malaysia becomes a destination of choice for foreign tourists to visit.
