Royal Group pays BlackRock fund RM388m for KL hotel
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Nisha Ramchandani
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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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