Concorde Hotel Kuala Lumpur, a well-known four-star establishment in the cityโs bustling Jalan Sultan Ismail, is now on the market for nearly RM700 million. The sale includes the hotel as well as an adjacent piece of prime freehold land, spanning a total of 4.5 acres. Sources reveal that the potential buyer will likely demolish the hotel to pave the way for a multibillion-ringgit integrated...
Kuching, the vibrant capital of Sarawak, Malaysia, is emerging as one of Asia's most cost-effective travel destinations this April and May, according to the latest data from Agoda. The digital travel platform reveals that Kuching boasts the lowest average hotel room rates during these months, positioning it as an appealing option for budget-conscious travelers. Kuching's Competitive Pricing With an...
The Perhentian Islands have long been a whispered secret among those who seek paradisiacal escapes, and the recent unveiling of the Perhentian Marriott Resort & Spa on Pulau Perhentian Kecil marks a new chapter in luxury travel. Nestled on the pristine northwest coast of Perhentian Kecil Island, this majestic resort promises an unparalleled blend of luxury, culture, and nature, setting a new benchmark...
Hyatt Regency Kuala Lumpur, located within the ambitious KL Midtown development, is slated for a grand opening in 2025, as announced by KL Midtown Sdn Bhd director David Khor during the topping-out ceremony of the hotel. This project is a collaboration between Hap Seng Land Sdn Bhd, a subsidiary of Hap Seng Consolidated Bhd, and TTDI KL Metropolis Sdn Bhd, under Naza TTDI Sdn Bhd. Initiated in December...
As Malaysia expects tourist arrivals to surpass pre-pandemic levels next year, hotels in the country are devising strategies to make the most of this recovery. Many are intensifying their efforts to meet environmental, social, and governance (ESG) requirements to enhance their attractiveness. However, they are also seeking government support to overcome challenges that could impede their revival efforts....
Impiana Hotel Bhd has officially rebranded itself as Magma Group Bhd, effective immediately, according to a filing with Bursa Malaysia. The change in company name comes after a significant acquisition by Datuk Seri Lee Hock Seng and Datin Seri Joanne Yew Hong Im, who emerged as the largest substantial shareholders of the group in August. The duo acquired 120.8 million shares, representing a 19.9% stake in...
IOI Properties Group Bhd, a renowned property developer, is embarking on an acquisition journey with plans to purchase the illustrious W Kuala Lumpur (W KL) hotel located in Jalan Ampang, Kuala Lumpur, for a total consideration of RM270 million in cash. This strategic move is set to enhance IOI Properties' diverse portfolio and strengthen its presence in the luxury hospitality sector. The proposed...
he Renaissance Kuala Lumpur Hotel & Convention Centre, located in the heart of the city center, has officially reopened its doors to the public after an extensive renovation period that began in June 2020. This reopening marks an exciting development, as the hotel will now be part of Marriott International's first dual-branded property under the Marriott Bonvoy travel program in Malaysia. The...
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