MUI sells UK hotel for RM36.22mil to repay a portion of its bank debt
The Regency Hotel Hospitality Ltd (RHH), a wholly-owned indirect subsidiary of Malayan United Industries (MUI) Bhd, is selling a property in Shirley, West Midlands, for £6.5 million (RM36.22 million). RHH is selling 4.2 acres of freehold land with a 111-room three-star hotel measuring about 77,526 square feet to Westbourne Leisure Ltd, MUI announced last Friday…