Tropicana Corp sells Courtyard by Marriott Penang to IOI for RM165m

Tropicana Corporation Bhd’s subsidiary, Tropicana Macalister Avenue (Penang) Sdn Bhd, has signed a sale and purchase agreement with IOI PFCC Hotel Sdn Bhd to sell Courtyard by Marriott Penang for RM165 million. The transaction will generate a surplus cash of approximately RM80.8 million for Tropicana, contributing to a reduction in ... Read More