Pavilion completed the acquisition of Banyan Tree Hotel and Pavilion Hotel for MYR480m.

Pavilion, a publicly listed REIT, completed the acquisition of Banyan Tree Hotel, a global hospitality company, and Pavilion Hotel, a luxury hotel, for MYR480m. "We are pleased with the strong support from our unitholders. These hotels are highly synergistic with Pavilion Kuala Lumpur Mall and Elite Pavilion Mall, allowing for an elevated visitor and hotel guest experience," Datuk Philip, Pavilion REIT CEO.