Ivory Properties buys hotel in Penang for RM75m cash
KUALA LUMPUR (Dec 14): Ivory Properties Group Bhd has acquired Copthorne Orchid Hotel & Resort in Penang for RM75 million cash to expand its land bank and strengthen its foothold in the property market there.
The hotel sits on a parcel of freehold land measuring at 2.5 acres, and has ceased operations.
……Read full article on The Edge Markets - Malaysia
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