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Royal Group pays BlackRock fund RM388m for KL hotel

Nisha Ramchandani

Published Thu, Apr 9, 2015 · 09:50 PM

Singapore

AS part of plans to accelerate its growth across the region, the Royal Group has entered into a sales and purchase agreement to acquire the DoubleTree by Hilton Kuala Lumpur for RM388 million (S$144.83 million) from a private real estate fund managed by BlackRock.

The 540-room hotel is located in the Golden Triangle district in Kuala Lumpur.

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