Sale of Hilton Garden Inn by private treaty, says Knight Frank

Sale of Hilton Garden Inn by private treaty, says Knight Frank. [Newspaper] (2021)


The sale of Hilton Garden Inn North and Hilton Garden Inn South on Jalan Tunku Abdul Rahman, Kuala Lumpur is by private treaty. Knight Frank Malaysia executive director of capital markets James Buckley confirmed that the hotel is for sale. Buckley said that instead of setting an asking price for the hotel, the firm is marketing the property "subject to offers". "These types of internationally branded freehold properties that have been comprehensively refurbished in a city centre location rarely come to market," he told NST Property. Recent city centre hotel sales include the Swiss Garden Inn, which sold unrefurbished for RM130 million (RM439,200/key) in 2018. In 2019, Boustead Holdings Bhd (BHB) sold the Royale Chulan Bukit Bintang Hotel in Kuala Lumpur in an unrefurbished condition for RM177.3 million (RM443,250/key) cash in 2019.

Item Type: Newspaper
Keywords: Hotel marketing, Hotel entrepreneurship, Procurement for Hospitality, Hospitality business
Taxonomy: By Subject > Hotel & Tourism Management > Common Areas
By Subject > Hotel & Tourism Management > Hotel Management
Local Content Hub: Subjects > Hotel & Tourism Management
Depositing User: Jamil Jawi
Date Deposited: 12 Jul 2021 03:44
Last Modified: 12 Jul 2021 03:44
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