Berjaya to Spend US$38M on Refurbishment Programme
Berjaya Hotels and Resorts is planning to spend approximately US$38 million to refurbish its six existing hotels in Malaysia.
The plan includes a US$15 million refurbishment of the rooms and public areas at the 502-key Berjaya Langkawi by the third quarter of 2010.
In addition, Berjaya Times Square Hotel, the company’s best-performing city hotel, will undergo a US$21 million upgrade by the first quarter of 2011.
It was reported that the Berjaya hotels have generally maintained their revenue per available room (RevPAR) in spite of the current economic slowdown.
They averaged 66% in occupancy in the financial year ending April 2009.
from:HVS International
