Pavilion-REIT announced last week that it is proposing to acquire the Banyan Tree Kuala Lumpur (BTKL ... RM264mil and RM552mil. The hotels have been operated and managed by Banyan Tree Hotels ...

The transaction is expected to enhance portfolio diversification by reducing Pavilion Kuala Lumpur Mall ... Notably, the hotels are operated and managed by Banyan Tree Hotels & Resorts Pte ...