Over 200 Hotels For Sale in Kuala Lumpur City Centre
2 min readOver 200 Hotels For Sale in Kuala Lumpur City Centre
Selamat Hari Raya and we would like to share some news on the hotels for sale in Kuala Lumpur City Centre. We blogged about Over 700 Hotels In Malaysia To Close Down Due to COVID-19 last week and today we found out that Over 200 Hotels For Sale in Kuala Lumpur City Centre. This excludes hotels for sale in Selangor so these 200 Hotels / Budget Hotels are in Kuala Lumpur City Centre.
The source for Over 200 Hotels For Sale in Kuala Lumpur City Centre is from iProperty.com.my and there are 247 properties for sale including hotels, resorts as well as hotel rooms. These numbers are based on the numbers from iProperty.com.my and the value is from RM 2.9 million to RM 1.7 billion.
There are budget hotels, boutique hotels and 3 – 5 stars hotels all listed under iProperty.com and this is not a sponsored post by them. If you look at the most expensive hotels for sale, these are popular hotels and you can tell from their location.
These are challenging times for many businesses especially the travel industries. Hotels in Kuala Lumpur are highly dependent on tourists and with the borders closed and the Conditional Movement Order Control (CMCO), there is no exact date when domestic and International travel can resume.
There are many pay cuts and laid offs among the staffs of the hotels and it affected some of our friends too. We only blogged about Over 200 Hotels For Sale in Kuala Lumpur City Centre and there are hundreds more out there throughout Malaysia.
Stay strong and stay safe everyone. You can check out the entire list of Over 200 Hotels For Sale in Kuala Lumpur City Centre at https://www.iproperty.com.my/sale/kuala-lumpur/hotel-resort/?sortBy=price-desc
That is really sad to say the least.
This is the worst time for hoteliers in Malaysia. Such a terribly sad journey for them. Hope this pandemic will end soon.