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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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Not Another Friday. A Video Extravaganza

Category: Hotels|Tourism, Posted:28 Oct 2021 | 19:34 pm It’s nearly November and Thailand is preparing for a massive reopening of international travel. As the country’s hospitality industry waits in anticipation and a certain level of angst, let’s take a few moments to check out a series of new event videos from C9 Hotelworks and Delivering Asia Communications. See you on the other side, […]
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Cambodia Business Briefing – What Comes Next?

Category: Hotels|Real estate|Tourism, Posted:19 Oct 2021 | 08:13 am Hotels, tourism, and real estate are featured in next week’s virtual event – Cambodia Business Briefing. Organized by C9 Hotelworks and Delivering Asia Communications, the session will be on Tuesday 26th October, 3:00 pm Phnom Penh/Bangkok Time | 4:00 pm Singapore/Hong Kong. Cambodia remains one of Asia’s top-up and coming marketplaces. Pre-pandemic, its pace of […]
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PHIST 2021 – Sustainable Asia RE-defined Coming 28 October

Category: Hotels, Posted:11 Oct 2021 | 09:11 am The fourth annual Asian-based sustainability-focused learning event PHIST 2021 will take place in a dynamic virtual setting on 28th October. Organized in Phuket, Thailand with speakers from across the region. PHIST (Phuket Hotels for Islands Sustaining Tourism) has established itself as a leading forum in Asia for sustainable tourism, environmental education for hotels as well […]