GEORGE TOWN: Oriental Holdings Bhd (OHB) will continue to expand its automotive, plantation and retail pharmacy segments which will provide long-term income stream for the diversified group.
Ibis Budget latest hotel to hit the market
March 13, 2021 12.00am
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The Ibis Budget on Elizabeth Street is the latest hotel to hit the market, amid a slew of COVID-19-affected hotels up for sale.
Singapore-based Well Smart Investment Holdings tried to sell the CBD holding in mid-2019 and has come back for a second go, just in time for the federal government’s interstate air travel voucher scheme.
Luxury car dealer Lasath Algama is selling the 2645 sq m landholding at 135-149 Burwood Road.
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It’s at the cheaper end of the market and is likely to fetch between $23-$25 million.
Abandoned St Kilda Road Hotel Hits the Block theurbandeveloper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theurbandeveloper.com Daily Mail and Mail on Sunday newspapers.
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An abandoned and ransacked former four-star hotel in Melbourne’s St Kilda Road precinct has been listed for sale by its Malaysian owners as a $60-$70 million development site.
The 203-room Bayview on the Park hotel at 50-52 Queens Road overlooking Albert Park Lake, and usually packed during events like the Melbourne Grand Prix, closed its doors a year ago when the country entered a nationwide lockdown and never reopened.
The hotel is in a prime location on Queens Road overlooking Albert Park.
Videos and photos posted on social media by local youths who gained illegal entry during the school holidays show rooms in the hotel covered in graffiti and a swimming pool filled with rainwater, litter and dirt.