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Jalan Sultan Ismail in KL is now a two-way road - from Raja Chulan to Bukit Bintang (Lot 10) junctions paultan.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paultan.org Daily Mail and Mail on Sunday newspapers.
The industry is already running on massive losses due to low occupancy rates throughout 2020 until now. Compounding matters is that there is little visibility in sight of when movement and travel bans will be lifted due to the third wave of the Covid-19 pandemic resulting from new highly transmissible and airborne variants. Like many businesses that face challenging times, mergers and acquisitions deals involving hotels are popping up as owners opt to sell out rather than incur more losses. Meanwhile opportunistic buyers with fat wallets are scouring the scene. Listings of hotels for sale in Malaysia have jumped 40% year-to-date due to rising interest from both local and overseas investors, says Previndran Singhe of Zerin Properties, adding that prices for hotel properties have dropped by as much as 35% as compared to pre-lockdown times. ....
Thursday, 01 Jul 2021 11:06 AM MYT BY DANIAL DZULKIFLY Hotel Istana is a five-star accommodation located in Kuala Lumpur’s golden triangle and has been in operation since 1992. Follow us on Instagram and subscribe to our Telegram channel for the latest updates. KUALA LUMPUR, July 1 ― Hotel Istana Kuala Lumpur will cease operations on September 1, according to a circular from its management. The June 30 circular, which Malay Mail verified, was signed by general manager Nooradzzudin Omar who explained that a voluntary separation scheme would be offered to affected workers. In the circular, Noorazzudin said the management was forced to make the difficult choice to close the hotel due to the challenging economic situation caused by the Covid-19 pandemic that exacerbated the stiff competition in the hospitality market. ....
KL's Hotel Istana to cease operations after 30 years malaysiakini.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaysiakini.com Daily Mail and Mail on Sunday newspapers.
China a 'voice of reason' during pandemic, says Muhyiddin freemalaysiatoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freemalaysiatoday.com Daily Mail and Mail on Sunday newspapers.