The group says the acquisition is in line with its initiatives to accelerate its growth through acquisitions.
SINGAPORE (Feb 19): Hotel Royal announced Tuesday that its offer to acquire Royale Chulan Bukit Bintang Hotel and its business in Kuala Lumpur, Malaysia for 197 million ringgit ($65.4 million) has been accepted.
The 400-room, 4-star hotel is situated along Jalan Bukit Bintang, which Hotel Royal describes as “the Orchard Road of Kuala Lumpur”.
