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Malaysia's Berjaya Cashing Up for Expansion

Category: Hotels, Posted:06 Nov 2009 | 06:11 am

Look to the new world order of hotel investors and Asian based conglomerates, high net worth individuals and families are leading the transaction arena. Malaysia's Berjaya Group recently announced the intention to sell hospitality assets in London, Singapore, Sri Lanka and Seychelles in order to focus new investment in the regions dynamic markets of China, Japan, South Korea, Malaysia, Maldives and Vietnam.
While the group will retain a number of operating assets along with the new investment they intend to pursue outside management agreements and may look at a listing for the hotel group. Unfortunately Thailand has not been named under the stated development objectives and in the case of many institutional investors most are taking a wait and see approach to the country.

Other News

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The Hotel Business Plan – Why It Must Die (and soon)

Category: Opinion, Posted:18 Sep 2020 | 17:26 pm As I madly type away on the keyboard of my MacBook Pro, thousands of dumbstruck hoteliers across the world are slaving away in a blurring succession of days and nights in the mindless pursuit of completing an ignominious document known as The Hotel Business Plan. It’s Friday and I’m over-caffeinated, so hang on tight. Wait, […]
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The New Nomads – A Special Event

Category: Real estate, Posted:17 Sep 2020 | 10:34 am Join C9 Hotelworks and Delivering Asia Communications in an event featuring enterprising conversations on Coliving, Coworking & Startups. The live virtual one-hour session will be held on Wednesday 30 September, 3:00 pm Bangkok Time | 4:00 pm Singapore/Bali/ You can register for free at the following link- Register All buzzed up and nowhere to go? […]
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Thai Cabinet Approves Special Tourist Visa Program

Category: Tourism, Posted:16 Sep 2020 | 16:59 pm Thailand’s Cabinet has agreed in principal for up to 1,200 overseas visitors per month can be granted access under a Special Tourist Visa (STV) program. Under a ninety day term,  extensions will be allowed for an total visit of nine months (270 days). Entry will still be subject to 14 day Alternative Local State Quarantine […]