The four-star Royale Chulan Bukit Bintang Hotel in Kuala Lumpur closed its doors from yesterday.
The hotel, formerly known as The Royale Bintang Kuala Lumpur, is located within the heart of Kuala Lumpur’s Golden Triangle.
No reason was given for the closure of the hotel, which was part of Royale Chulan Hotels & Resorts, a homegrown chain of full-service hotels, founded and owned by Boustead Hotels and Resorts Sdn Bhd.
The company is a subsidiary of Boustead Holdings Berhad. (BHB).
In 2019, it was reported that BHB was disposing of the Royale Chulan Bukit Bintang Hotel in Kuala Lumpur to Singapore-listed Hotel Royal Ltd for RM197 million in cash.
In a filing with Bursa Malaysia then, BHB said the group was expected to realise an estimated gain of RM92 million on completion of the proposed disposal.
Boustead Hotels and Resorts Sdn Bhd, had previously inked an agreement to sell the 418-room hotel to Hotel Royal’s subsidiary Every Room A Home Sdn Bhd.
It is learnt that the handover of the Bukit Bintang hotel property to its new owners was supposed to take effect at the end of this month. – NST