The acquisition of the two hospitality assets in Kuala Lumpur is valued at RM480mil..
PETALING JAYA: Pavilion Real Estate Investment Trust
(Pavilion-REIT) is proposing to acquire two prestigious hospitality assets in Kuala Lumpur, the Banyan Tree Kuala Lumpur (BTKL) and Pavilion Hotel Kuala Lumpur (PHKL), in a transaction worth RM480mil.
The acquisition of BTKL is valued at a purchase consideration of RM140mil, while the acquisition of PHKL is at a purchase consideration of RM340mil.
