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YTL in expansion mode, eyes acquisitions

It is also looking to inject The Majestic Hotel in KL into YTL Hospitality Reit.

Hotel Majestic Kuala Lumpur, a three-year-old property, derives 60 per cent of revenue from restaurants and banquet operations.

Mr Yeoh said the group is focusing on "first-world" markets when it comes to acquiring completed assets and prefers prime locations where it sees property values holding up better.

YTL Hotels, the hospitality arm of Malaysian conglomerate YTL Corporation Bhd (YTL group), is on the prowl to acquire more assets with the eventual goal of injecting them into the global hospitality Reit sponsored by the YTL group.

One of its existing properties that already looks ripe to...

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