Malaysia’s YTL to buy Spanish hotel property for $250m

Madrid, Spain. Photo: Carlos Zurite/Unsplash

Malaysia-based conglomerate YTL Corp Bhd, through its wholly-owned unit YTL Hotels & Properties Sdn Bhd is acquiring Spanish firm SOL HTL Project, which owns a property in Madrid for EUR200 million ($250 million), it said in a stock filing with Bursa Malaysia on Friday.

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