13 December 2023

Our Partner, Leong May Ling together with her Associate, Connie Ho Suk Mun from Zul Rafique & Partners’ Corporate Real Estate practice group have advised and acted for Tropicana Residences Sdn. Bhd., a subsidiary of Tropicana Corporation Berhad in the disposal of five-star hotel “W Kuala Lumpur” (“W Hotel”) to IOI PFCC Hotel Sdn. Bhd. and Flora Development Sdn. Bhd., both subsidiaries of IOI Properties Group Bhd.

W Hotel is a 25-storey hotel located strategically in the city centre of Kuala Lumpur and right across the iconic Petronas Twin Towers. The total consideration for the disposal of W Hotel is RM270 million.

The Bursa announcement can be accessed, Here.

The transaction was also reported in:
The Edge, Here;
The Star, Here;
NST, Here.

For more insight into this area of law, please contact our Partner in the Corporate Real Estate Practice Group:
Leong May Ling

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