SINGAPORE PRESS-Royal Group to buy KL hotel from BlackRock for RM388m

April 10, 2015 1:46 AM

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In line with plans to expand across the region, the Royal Group has entered into a sales-and-purchase agreement to acquire DoubleTree by Hilton Kuala Lumpur for RM388 million (S$144.8 million) from a private real estate fund managed by BlackRock, the Business Times reported.

With this latest acquisition, the privately held Royal Group will manage a range of properties across Singapore, Malaysia and Australia, comprising residential, industrial, shopping malls, hotels and office towers.

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