Pavilion-REIT’s hotel buys to enhance profit

PETALING JAYA: Pavilion Real Estate Investment Trust’s (Pavilion-REIT) acquisition of two hospitality assets is set to spur the group’s earnings from the financial year ending Dec 31, 2026 (FY26) onwards.

Pavilion-REIT announced last week that it is proposing to acquire the Banyan Tree Kuala Lumpur (BTKL) and Pavilion Hotel Kuala Lumpur (PHKL) in the Bukit Bintang area for a combined RM480mil.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Pavilion REIT , Banyan Tree , Pavilion Hotel , hospitality , acquisition

Next In Business News
ACSR sets out approach for non-compliance to sustainability reporting requirements
Malaysia’s banking sector resilient amid tariff pressures, expected to hold steady in 2026
BMS slips on ACE Market debut, trading under IPO price
Foreign investors return with RM11.8mil net buying after two-week selloff
FBM KLCI opens weaker as markets turn cautious ahead of FOMC meeting
Ringgit opens higher as tomorrow's FOMC meeting pressures greenback�
Trading ideas: Geohan, Hartanah Kenyalang, Capital A, AAX, Genting, Quality Concrete, Gadang, Ancom Nylex
Greater corporate involvement needed to hasten startup growth
Sime Motors aiming for higher EV market share
Colombian women take on�coffee patriarchy

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.