QUOTE(yok70 @ Dec 3 2012, 11:32 AM)
Five months after formalising its acquisition of three Marriott hotels in Australia, and with the Dec 8 official re-opening of Majestic Hotel well under way, the YTL group is now focusing on its new hotel assets in Bath, the United Kingdom. YTL Corp Bhd ED Datuk Mark Yeoh Seok Kah said although its investment in the Bath real estate was small, there was much competencies to be had from it.
Yeoh, who is also the executive director of YTL Hotels & Properties Sdn Bhd, said the hotel arm took over the Bath project about eight months ago, reportedly for £18,000 (RM87,588). YTL Hotels acquired the entire stake in Bath Hotel and Spa, which makes it a wholly-owned subsidiary of YTL Hotels and an indirect subsidiary of the group. Yeoh said the Royal Bank of Scotland (RBS) is providing two-thirds, or £20m, of the £30m investment to support the group's acquisition, and redevelopment, of the 99-room hotel project located in the heart of the historic spa city square. (Starbiz)
Good good, more potential injection for Stareit.
If not mistaken, the project is called Gainsborough Hotel & Spa. The hotel will have direct access to the city famous natural hot spring which is done by Wessex Water.Yeoh, who is also the executive director of YTL Hotels & Properties Sdn Bhd, said the hotel arm took over the Bath project about eight months ago, reportedly for £18,000 (RM87,588). YTL Hotels acquired the entire stake in Bath Hotel and Spa, which makes it a wholly-owned subsidiary of YTL Hotels and an indirect subsidiary of the group. Yeoh said the Royal Bank of Scotland (RBS) is providing two-thirds, or £20m, of the £30m investment to support the group's acquisition, and redevelopment, of the 99-room hotel project located in the heart of the historic spa city square. (Starbiz)
Good good, more potential injection for Stareit.
I'm not so sure about the possibility of injecting this hotel into Stareit.
Maybe YTL want to keep the hotel. Only Tan Sri Francis Yeoh knows
http://www.bighospitality.co.uk/Venues/YTL...tel-Spa-in-Bath
http://www.thisisdevon.co.uk/star-luxury-h...tail/story.html
http://www.epr.co.uk/projects/architects-p...hotel-spa-bath/
This post has been edited by davinz18: Dec 3 2012, 04:43 PM
Dec 3 2012, 04:28 PM

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