Plenitude buys Gurney Resort Hotel & Residences in Penang


PETALING JAYA: Plenitude Bhd’s wholly-owned subsidiary Plenitude International Sdn Bhd has entered into a sale and purchase agreement with the Employees Provident Fund (EPF) for the proposed acquisition of a 259-suite hotel, known as the Gurney Resort Hotel & Residences in Penang, for RM160mil.

In a filing with Bursa, Plenitude said Gurney Resort Hotel formed part of Menara Gurney, which is a 37-storey building with one basement level, a hotel along with retail and office components.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Plenitude , Penang , Gurney , acquisition , Rm160mil

Next In Business News

Asian stocks set for strongest annual jump in eight years on AI bets
China's factory activity edges back to growth in December, private PMI shows
Oil slips as Brent heads for longest stretch of annual losses in 2025
Bursa Malaysia poised to wrap 2025 on a multi-year high
Ringgit opens higher as US$ slips after FOMC minutes
Trading ideas: Genting, Sunview, Apex Healthcare, Cypark, Citaglobal, HeiTech Padu, Insas, Propel Global, Solar District, TT Vision, UEM Sunrise
S&P 500, Nasdaq end down in holiday-thin trade
Sunview unit takes over solar plant for RM70mil
Meta to acquire Chinese AI�startup firm
Cypark redeems RM235mil sukuk early

Others Also Read