Boustead sells hotel to S’pore firm for RM197mil cash

In a statement, a spokesperson from Boustead said its wholly owned subsidiary, Boustead Hotels & Resorts Sdn Bhd (BHR), had accepted an offer from Hotel Royal

PETALING JAYA: Boustead Holdings Bhd is disposing of its Royale Chulan Bukit Bintang Hotel in Kuala Lumpur to Singapore-based Hotel Royal Ltd for RM197mil cash.

In a statement, a spokesperson from Boustead said its wholly owned subsidiary, Boustead Hotels & Resorts Sdn Bhd (BHR), had accepted an offer from Hotel Royal.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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Business , Boustead , hotel , Chulan , Royale , Bukit Bintang ,

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