Plenitude buying hotel in Osaka


In a filing with Bursa Malaysia yesterday, Plenitude said its indirect subsidiary, Plenitude Osaka Sdn Bhd, had entered into a conditional trust beneficiary interest sale and purchase agreement with Ichigo Estate Co Ltd for the acquisition.

PETALING JAYA: Plenitude Bhd is acquiring a 14-storey hotel in Osaka, Japan for RM97.57mil.

In a filing with Bursa Malaysia yesterday, Plenitude said its indirect subsidiary, Plenitude Osaka Sdn Bhd, had entered into a conditional trust beneficiary interest sale and purchase agreement with Ichigo Estate Co Ltd for the acquisition.

“Plenitude currently owns nine hospitality assets. The acquisition of the hotel will be a continuation of the company’s diversification of country risk in its hospitality business,” it said.

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