Hotel leasing a lifeline for small hotel owners, cost effective for investors

Khoo Gek San

Kelantan FC and hotel chain owner Norizam Tukiman believes that leasing hotels is one way to help small establishments, which have been hit particularly hard by government movement restrictions. – Facebook pic, July 2, 2021.

HOTEL leasing is emerging as a new model for smaller and budget establishments struggling to survive the Covid-19 pandemic, said the Malaysia Budget and Business Hotel Association (MyBHA).

The association said 58 hotels were leased out in the past year for a 15-year term, 55 of them to the same investor, Kelantan Football Club owner Norizam Tukiman.

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