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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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Mind the Gap – Keep People Inspired Event in November

Category: Hotels|Tourism, Posted:22 Oct 2022 | 08:50 am Keep People Inspired (KPI) is the second in a series of Mind the Gap Learning events. The focus of the event is on inclusiveness in hospitality, spanning Phuket’s hotels, tourism and service industries. Inclusiveness is a key element of businesses that rely heavily on human resources and is in effect all about people, whether they […]
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Japanese Luxury Brand Hoshinoya Heads To Niseko

Category: Hotels|Real estate, Posted:14 Oct 2022 | 17:42 pm Leading Japanese hotel operator Hoshino has inked a deal for a luxury resort in Niseko with developer Zekkei Properties. Located in a prime ski-in and ski-out location in Upper Hirafu Village, the 62-unit hotel and residence property will be named Hoshinoya Lodge Niseko. With one of Hirafu’s best locations, the site was formerly occupied by […]
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Phuket and Beyond, A Brief Friday Hotel Update

Category: Hotels, Posted:14 Oct 2022 | 10:24 am In Phuket, Wyndham Vacation Resorts has signed a deal to manage the 50-key Zenmaya Oceanfront in Kalim. The property will be under the Trademark Collection by Wyndham. There are synergies for the hotel given it is located across a main coastal road from the Wyndham Grand Phuket Kalim Bay. Regional carrier Myanmar Airways International (MAI) […]
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