Pavilion Reit Unitholders Approve RM480 million Hospitality Acquisition
Pavilion Real Estate Investment Trust (Pavilion REIT) has received unitholder approval to acquire two landmark hospitality assets, Banyan Tree Kuala Lumpur (BTKL) and Pavilion Hotel Kuala Lumpur (PHKL), in a RM480 million yield accretive transaction that strengthens the REIT’s long-term performance and reinforces its presence within Bukit Bintang. The resolutions, passed earlier today at a unitholders’ meeting, enable MTrustee Berhad, acting on behalf of Pavilion REIT, to proceed with the acquisitions from Lumayan Indah Sdn Bhd and Harmoni Perkasa Sdn Bhd. The Chief Executive Officer of Pavilion REIT Management Sdn Bhd, Datuk Philip Ho said, “We are pleased with the strong support from our unitholders. These hotels are highly synergistic…
Wego and Tourism Authority of Thailand Launch Campaign to Inspire Middle East Travel to the Land of Smiles
Wego, the number 1 travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), has partnered with the Tourism Authority of Thailand (TAT) to spark fresh interest in one of the region’s favourite Asian destinations Thailand. This strategic alliance aims to amplify awareness around Thailand’s diverse tourism offerings while encouraging travellers across the GCC and wider MENA region to return and reimagine their experience of the Land of Smiles. The campaign will focus on storytelling that highlights new discoveries beyond the traditional Thai hotspots, inviting travellers to explore the country’s wellness sanctuaries, spiritual retreats, culinary journeys, and ecotourism escapes. Mamoun Hmidan, Chief Business Officer at Wego, commented: “Thailand has long been a top destination for…
