• KL DoubleTree deal

Royal Group Holdings is in talks to buy the DoubleTree in Kuala Lumpur from owner BlackRock. A sale of the 540 room Hilton hotel, close to KL’s Petronas Towers, will require government approval, reports Bloomberg.

Royal bought the Sentosa Resort and Spa in Singapore last year, paying SGD210.85m. BlackRock, meanwhile, sold the Westin Hotel in Singapore last year, to Daisha Group.
Read the full story here:
http://www.bloomberg.com/news/2014-04-04/singapore-resort-owner-said-in-talks-to-buy-hotel-from-blackrock.html

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