Boustead investing RM60m in latest hotel in Penang


KUALA LUMPUR: Boustead Holdings Bhd is investing RM60mil in its sixth Royal Bintang Hotel which is being built in Penang and plans to have the seventh in Cherating, Pahang in two years.

Boustead Hotels and Resorts Sdn Bhd's director of operations Datuk Mokhtar Khir said on Friday the 180-room hotel in Penang was expected to be completed by early November. He said the group has five hotels. Four of them are four-star hotels -- The Royale Bintang Kuala Lumpur, The Royale Bintang The Curve, The Royale Bintang Resort and Spa Seremban and The Royale Bintang Damansara. The five-star hotel is The Royale Chulan Kuala Lumpur.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read