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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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Pavilons Inks Deal With Krabi Eco Resort

Category: Hotels, Posted:05 Dec 2020 | 06:00 am Pavilions Hotel and Resorts has signed a deal for a 59-key eco resort in Krabi, Thailand. The property is a conversion of the Anana Krabi Ecological Resort and will be fully operational in February 2021. Currently Pavilions operates nine properties in Asia and Europe with another 5 in the pipeline. The group recently launched a […]
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MasterClass – Hotel Branded Residences

Category: Hotels, Posted:04 Dec 2020 | 09:12 am C9 Hotelworks and Delivering Asia Communications have organized a virtual masterclass on Hotel Branded Residences – Insights into a key driving force in new hospitality and real estate developments. The webinar will be held on Wednesday 9th December, 2:00 pm Bangkok | 3:00 pm Singapore/Hong Kong Register for free Look at any hotel development pipeline and you will see how branded residences are […]
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HOTELS’ GREAT DIVIDE Owning The Customer Or The Product?

Category: Hotels, Posted:29 Nov 2020 | 12:23 pm There is a great debate within the Covid-19 hotel space on where things are headed once the vaccine kicks in. Some say consolidation, others point to fragmentation, while the doomsday cults say the hotel industry will never be the same. To that point, minute by minute, nothing is really the same anyway so cut that […]