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Pavilion REIT Enters Conditional Agreements for the Acquisition of Two Hotels in Bukit Bintang for MYR480 Million
Malaysia-based Pavilion REIT Management Sdn., Bhd. (“Pavilion REIT”) have entered separate conditional agreements to acquire the 55-key Banyan Tree Kuala Lumpur from Malaysia-based Lumayan Indah Sdn., Bhd. for MYR140 million; and the 325-key Pavilion Hotel from Harmoni Perkasa Sdn., Bhd. for MYR340 million. The Banyan Tree Kuala Lumpur features…
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