News about hotels

The hotel is designed for gatherings, featuring a 703-sqm grand ballroom, four meeting rooms and a wedding pavilion.

The hotel, formerly Eastin Hotel Kuala Lumpur, was sold by CP Group to a private vehicle linked to former investment banker Datuk Lim Kheng Yew, founder of KYM Holdings Bhd KUALA LUMPUR (Dec 29): Marriott Hotels, the flagship brand of Marriott Bonvoy, announced the opening of the 393-key Petaling Jaya Marriott Hotel.

YTL Hotels had announced the acquisition of the Thistle Johor Bahru hotel from GuocoLand Ltd for RM150 million in September this year.

After acquiring two premier hotels namely Banyan Tree Hotel and Pavilion Hotel in Kuala Lumpur for a sum of RM480 million.

Pavilion REIT said the acquisitions align with its commitment to deliver premium offerings while capitalising on synergistic opportunities with Pavilion KL mall.

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.

Revenue increased by 49.

The existing property is a luxury condominium with a gross development value (GDV) of RM820 million.

The company said Lee and his spouse Datin Seri Joanne Yew Hong Im are currently the group’s largest substantial shareholders, with 120.

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.