News about hotels

KUALA LUMPUR (April 13): Bio Osmo Bhd shares rose as much as two sen or 40% to seven sen on news substantial shareholder Datuk Seri Farouk Abdullah is proposing to inject hotels currently parked under his private vehicles into Bio Osmo under a cash and share deal.

PETALING JAYA (March 16): Overnight stays in Amsterdam (pictured) booked via the Airbnb platform rose by 25% in 2017 despite limits on the number of days owners may list their properties and other requirements, reported Reuters.

SEREMBAN (Feb 2): The Negeri Sembilan Fire and Rescue Department has revealed that 60 premises in the state were not issued with fire certificates last year, Bernama reported today.

PETALING JAYA (Jan 30): One Crown Place, a mixed-use development in London developed by the Malaysian infrastructure conglomerate AlloyMtd Group, will open a luxury hotel in early 2020 within a restored Georgian terrace built in the 1800s, said adviser CBRE Group Inc in a statement today.

PETALING JAYA (Oct 20): Sheraton Hotels and Resorts has opened the Sheraton Petaling Jaya at Jalan Utara, next to the Pinnacle Petaling Jaya shopping mall.

KUALA LUMPUR (Sept 13): Sunway Bhd is looking to acquire more land with good connectivity to new public infrastructure for transit-oriented development (TOD), said the managing director of its property division for Malaysia and Singapore, Sarena Cheah.

LANGKAWI (Sept 6): The Datai Langkawi forest and beach resort, which is just a year shy of its silver anniversary, has closed its doors yesterday for a 10-month restoration project, said its operator in a statement.

KUALA LUMPUR (Aug 15): Former Felda chairperson Mohd Isa Abdul Samad was at the Malaysian Anti-Corruption Commission (MACC) headquarters in Putrajaya today, most likely to give a statement on the purchase of hotels by Felda Investment Corp (FIC), Bernama reported today.

Hotels for sale in the secondary market is not an everyday occurrence.

SINGAPORE (July 5): The Ascott, a wholly owned subsidiary of CapitaLand, this morning announced that it is acquiring an additional 60% stake in Quest Apartment Hotels for A$180 million (S$191 million or RM594 million).