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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

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

   

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