Hotels & Hospitality · 4 stories
Hotel and resort assets in Malaysia — transactions, valuations per key, operator and brand changes, and the supply pipeline. Hotel deals are priced per room rather than per square foot, which makes them a useful and often overlooked read on what a tourism location is actually worth.
Cititel Penang for sale at RM163m, about RM361,000 a room
The 451-room Cititel Penang on Penang Road is for sale by expression of interest at RM163 million, about RM361,000 a room; the EOI closes on 30 September.
IOI Properties halves the debt paydown from its RM7.58bil REIT and doubles the money for new property
IOIPG Malaysia REIT was constituted on 11 September and its nine sale agreements and six hotel master leases are signed. The 14 September filing cuts debt repayment from RM3.04 bil…
Freehold Batu Ferringhi beachfront site for sale at RM140mil — land approved for 722 keys, not a hotel
Colliers has launched a 3.344-acre freehold beachfront site on Jalan Telok Bahang for sale by EOI at RM140 million, with approvals for 473 serviced apartments and 249 hotel rooms. …
DoubleTree Resort by Hilton Penang tendered for Sale (via Tender) at RM250 million — RM791,000 a key
The 316-room Batu Ferringhi resort for sale at RM250 million and the tender closed on 15 August with no outcome announced. The per-key maths looks competitive but it is not a beach…
Setting up a factory or plant? Buying / selling industrial property or land in Malaysia? Reach out to Scott now.