SINGAPORE (Feb 19): Hotel Royal announced Tuesday that its offer to acquire Royale Chulan Bukit Bintang Hotel and its business in Kuala Lumpur, Malaysia for 197 million ringgit ($65.4 million) has been accepted.

The 400-room, 4-star hotel is situated along Jalan Bukit Bintang, which Hotel Royal describes as “the Orchard Road of Kuala Lumpur”.

The group says the acquisition is in line with its initiatives to accelerate its growth through acquisitions.

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