Did you know that WOLO Kuala Lumpur, once a hot hotel in Bukit Bintang, was formerly known as Wisma KLIH?

In 2010, Equine Capital Bhd (now known as [%ULGw%]) sold Wisma KLIH for RM58 million. Its wholly-owned subsidiary, Kuala Lumpur Industries Bhd (KLIB), entered into a sale and purchase agreement with Wonderful Vantage Sdn Bhd, a subsidiary of Mammoth Empire Holding Sdn Bhd, which specializes in property acquisition and development.

Wisma KLIH was a 35-year-old, 14-storey office building situated on prime land at the junction of Jalan Bukit Bintang and Jalan Sultan Ismail. The property was inherited from Kuala Lumpur Industries Holdings Bhd (KLIH) when Equine took over the then debt-ridden company following the 1997/98 Asian financial crisis.

Mammoth Empire transformed the building into the 133-room WOLO Hotel Bukit Bintang. In 2019, they sold WOLO Hotel to HYM Group for RM115 million, or RM864,661 per room, to reduce debt and stabilize their finances. HYM Group, the current owner of WOLO Hotel, also owns Gold 3 Boutique Hotel in Jalan Bukit Bintang, Krystal Suites in Bayan Lepas, and Towne House Hotel in George Town, Penang, which are currently being upgraded.

Did you know that WOLO Kuala Lumpur, once a hot hotel in Bukit Bintang, was formerly known as Wisma KLIH?

In 2010, Equine Capital Bhd (now known as $KLSE-GOB) sold Wisma KLIH for RM58 million. Its wholly-owned subsidiary, Kuala Lumpur Industries Bhd (KLIB), entered into a sale and purchase agreement with Wonderful Vantage Sdn Bhd, a subsidiary of Mammoth Empire Holding Sdn Bhd, which specializes in property acquisition and development.

Wisma KLIH was a 35-year-old, 14-storey office building situated on prime land at the junction of Jalan Bukit Bintang and Jalan Sultan Ismail. The property was inherited from Kuala Lumpur Industries Holdings Bhd (KLIH) when Equine took over the then debt-ridden company following the 1997/98 Asian financial crisis.

Mammoth Empire transformed the building into the 133-room WOLO Hotel Bukit Bintang. In 2019, they sold WOLO Hotel to HYM Group for RM115 million, or RM864,661 per room, to reduce debt and stabilize their finances. HYM Group, the current owner of WOLO Hotel, also owns Gold 3 Boutique Hotel in Jalan Bukit Bintang, Krystal Suites in Bayan Lepas, and Towne House Hotel in George Town, Penang, which are currently being upgraded.