Hotel leasing a lifeline for small hotel owners, cost effective for investors
Khoo Gek San
Updated 1 year ago ·
Published on 2 Jul 2021 7:00AM ·
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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