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PETALING JAYA: YTL Hospitality Real Estate Investment Trust (REIT) recorded a 10.95% jump in earnings to RM67.55mil for the fourth quarter to June 30 on the back of the better performance of its Australian properties as a result of an increase in room sales following the completion of a refurbishment exercise.
NEW DELHI: In one of the biggest deals in the Indian hospitality industry, sovereign wealth funds of Abu Dhabi, Qatar and Malaysia are vying with each other to acquire two of India’s marquee properties for about US$322mil (RM1.06bil), according to a news report.
SINGAPORE: Frasers Centrepoint Ltd (FCL) , a company controlled by Thai billionaire Charoen Sirivadhanabhakdi, is looking to raise up to S$600mil through the listing of a hospitality real estate investment trust in Singapore in the second quarter, sources said
SINGAPORE: Private equity investors Blackstone Group LP and Gaw Capital Partners are weighing separate bids for Singapore's Ascendas Hospitality Trust, people familiar with the matter said, eyeing a target with a market value US$600 million.
WITH RM350mil investment in, and ownership of, Kuala Lumpur#039;s latest 5-star hotel The Westin, Kuala Lumpur, Ireka Corporation Bhd has taken a firm step into the leisure and hospitality sector and adding to its involvement in construction, property development and e-commerce.
RIO DE JANEIRO: Police in Rio de Janeiro on Monday arrested the chief executive of a Swiss hospitality and ticketing company in connection with an ongoing investigation over VIP ticket scalping at the World Cup.