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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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C9 Hotelworks Releases New Phuket Hotel Market Update Report

Category: Hotels|Tourism, Posted:16 Mar 2023 | 00:29 am According to C9 Hotelworks new Phuket Hotel Market Update 2023, the resort island’s tourism recovery has accelerated over the past six months. With the removal of Thailand’s pandemic travel restrictions in 2022, airlift quickly ramped up as India and Malaysia were key early source markets. Over the current winter season aside from the return of […]
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Destination Ink Radisson For Patong Hotel

Category: Hotels, Posted:12 Mar 2023 | 23:16 pm Phuket’s hotel brand conversion trend is continuing, with the latest move having Radisson sign a deal for a 390-room hotel in Patong. Owned by the Destination Group, the property will be branded as a Radisson. This is the fourth recent conversion by Destination with one more Radisson and two Holiday Inns by IHG. Expect more […]
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Hilton Phuket Arcadia Reflagged To ACCOR’s Pullman Brand

Category: Hotels, Posted:03 Mar 2023 | 07:35 am One of Phuket’s largest hotels, the 662-room Hilton Phuket Arcadia Resort has been reflagged under ACCOR’s Pullman brand. The hotel, which will be named Pullman Phuket Arcadia Karon Beach Resort will operate as a Pullman effectively in April of this year, and a staggered 24-month refurbishment program undertaken. With this addition, there will be three […]
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