YTL REIT acquires hotel in Ipoh for RM55mil


PETALING JAYA: YTL Real Estate Investment Trust (YTL REIT) is acquiring Syuen Hotel in Ipoh, Perak from Syuen Hotel Bhd for RM55mil.

In a filing with Bursa Malaysia, YTL REIT said the 13-storey standalone hotel building has 290 rooms and ceased operations in May 2020. It was categorised as a 4-star hotel.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
YTL REIT , Syuen Hotel , Ipoh , Marriott

Next In Business News

Axteria to buy 80% stake in Niaga Sari
Rozali to exit as Puncak Niaga chairman
Shell Malaysia to prioritise fuel supply continuity across retail network
Axteria to acquire 80% stake in Niaga Sari for RM35mil
Government to explore privatisation of two highway projects
Puncak Niaga’s Rozali to step down as executive chairman
ARKA to dispose 40% interest in Enfrasys Solutions for RM43mil
Ringgit closed mostly higher against major currencies, slightly lower versus US dollar
Hong Seng to recoup RM63.6mil debt with 184 Kajang apartments
Teraju introduces new fund to accelerate scaling of Bumiputera companies in Sabah

Others Also Read