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- Aug 12, 2008
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comrade senior citizen,
hotel malaysia was a public company listed in the ses, and after the late tan sri khoo teck puat, the real estate wizard sold hotel malaysia to wheelock hk, he bought cuscaden house for $30m, a block of private apartments to retrofit it into a hotel. He then named it hotel malaysia and injected it into the listed company as required by the ses rules.
The cuscaden apartment block was owned by mr kirkham senior, the founder of s'pore carrier air-condition co.
Do you recall the disco club in the 80's, called my place located at hotel malaysia? Well that was our hunting ground cos the owners were our business associates, and we were at my place club almost every night of the week for 5-6 years.
In the early 90's, the late tan sri khoo delisted hotel malaysia and renamed it hotel boulevard. During the previous property boom in 1996, he sold it to city development for $280m and to-date city dev is still holding on to it.
you must be property tycoon....:d