OVERVIEW
ABOUT YTL HOSPITALITY REIT
YTL Hospitality REIT has a market capitalisation of approximately RM1.89 billion (as at 30 November 2025) with a wide portfolio of prime hospitality assets across a range of unique locations worldwide.
In Malaysia, these include the JW Marriott Hotel Kuala Lumpur, The Majestic Hotel Kuala Lumpur, The Ritz-Carlton, Kuala Lumpur (Hotel and Suite wings), the Pangkor Laut, Tanjong Jara and Cameron Highlands resorts, Hotel Stripes Kuala Lumpur and the AC hotels in Kuala Lumpur, Penang, Kuantan and Ipoh. The Trust has also acquired a hotel in Puchong, which is currently under renovation (“Puchong Hotel”) and will relaunch as AC Hotel Puchong.
YTL Hospitality REIT’s international portfolio comprises Hilton Niseko Village and The Green Leaf Niseko Village in Japan and the Sydney Harbour, Brisbane and Melbourne Marriott hotels in Australia. The Trust is also undertaking the development of a hotel under the Moxy brand (“Moxy Niseko”) in Hokkaido, Japan.
YTL Hospitality REIT’s principal objective is to provide unitholders with stable cash distributions through owning and investing in yield accretive real estate assets. This provides potential for sustainable growth in its long term unit value, rewarding unitholders with noticeable returns.
YTL Hospitality REIT was established by a trust deed entered into on 18 November 2005 (as amended and restated) between Pintar Projek Sdn Bhd and Maybank Trustees Berhad, as manager and trustee, respectively, of YTL Hospitality REIT.
KEY MILESTONES
YTL Hospitality REIT was listed on 16 December 2005 on the Main Market of Bursa Malaysia Securities Berhad under the name Starhill Real Estate Investment Trust, and consisted of prime properties within the Golden Triangle of Kuala Lumpur – the JW Marriott Hotel Kuala Lumpur, Starhill Gallery and parcels in Lot 10 Shopping Centre. Its principal investment strategy was investing in a diversified portfolio of retail, office and hospitality real estate assets, with an added focus on retail and hotel properties. In 2007, the REIT added part of The Ritz-Carlton, Kuala Lumpur – Suite Wing to its portfolio.
In 2009, the Trust embarked on a rationalisation exercise to reposition itself as a pure play hospitality REIT, focused on building a class of hotel and hospitality-related assets. The first stage of the exercise was completed in June 2010 and involved disposing the REIT’s retail properties (Starhill Gallery and parcels in Lot 10 Shopping Centre) to Starhill Global Real Estate Investment Trust in Singapore.
YTL Hospitality REIT subsequently acquired 9 additional hotel properties in November and December 2011, namely, the Pangkor Laut, Tanjong Jara and Cameron Highlands resorts, The Ritz-Carlton, Kuala Lumpur – Hotel Wing, the remainder of The Ritz-Carlton, Kuala Lumpur – Suite Wing, the AC hotels in Kuala Lumpur, Penang and Kuantan, and Hilton Niseko Village in Japan.
The REIT’s international portfolio was further strengthened with the acquisitions of the Sydney Harbour, Brisbane and Melbourne Marriott hotels in Australia in November 2012. This extended the geographical scope of the REIT and significantly enhanced brand outreach, ultimately raising its appeal to existing and new investors.
In November 2017, YTL Hospitality REIT enhanced its asset portfolio with the acquisition of The Majestic Hotel Kuala Lumpur, the Trust’s tenth property in Malaysia, and, in September 2018, acquired its second hotel in Japan, The Green Leaf Niseko Village.
YTL Hospitality REIT’s Malaysia portfolio was further expanded with the additions of Hotel Stripes Kuala Lumpur in October 2023, AC Hotel Ipoh in April 2024, which was renovated and launched in April 2025, and the Puchong Hotel in April 2025, which is currently under renovation. In April 2024, the Trust also embarked on the development of Moxy Niseko.
ABOUT YTL GROUP
A Premier Global Infrastructure & AI-Infrastructure Powerhouse
YTL Corporation Berhad stands today as one of the most compelling long-term investment opportunities on Bursa Malaysia. What began as a visionary infrastructure developer has matured into a world-class conglomerate with dominant positions across physical infrastructure, digital infrastructure, and now the rapidly expanding AI-infrastructure ecosystem. This rare combination places YTL in a truly strategic and future-proof position.
1. A Fully Integrated Infrastructure Group With Elite Engineering Competency
YTL has consistently demonstrated engineering excellence and unmatched execution capabilities across its businesses. Few regional conglomerates possess such breadth and depth:
• Physical infrastructure – highways, utilities, power generation, water assets, cement manufacturing, and construction.
• Digital infrastructure – data centers, cloud services, telecommunications.
• AI infrastructure – next-generation data-center development, cloud platforms, and strategic partnerships powering the global AI boom.
YTL is not merely “involved” in infrastructure — it builds, owns, operates, and integrates every layer, from ground-level materials to high-performance computing.
2. Leading Every Critical Layer of the AI Infrastructure Stack
YTL’s move into AI represents a transformational value driver.
• The Group is involved in every key layer of global AI infrastructure, from:
• Building advanced, hyperscale-ready data centers
• Operating cloud infrastructure
• Managing platforms optimized for AI training and inference
• YTL’s strategic partnership with Nvidia places it among a select group of global players enabling the world’s AI supercomputing needs.
This positions YTL not merely as a Malaysian champion, but as a rising regional AI infrastructure leader.
3. Strategic Control of Water & Energy — The Lifeblood of Data Centers
Data centers — especially AI data centers — require enormous water and electricity resources. YTL uniquely controls both:
• Water
• Wessex Water (UK) — one of the most efficient water utility operators in Britain
• Ranhill — significant water operations in Malaysia
• Energy
• 20% of Singapore’s electricity demand generated via YTL PowerSeraya
• Additional power assets in Indonesia and Jordan
This makes YTL one of the few global players capable of supporting AI-heavy data centers with secure, integrated water-energy-cooling ecosystems.
4. Malaysia’s Largest Cement Manufacturer — A Backbone of National Development
Malayan Cement (YTL Cement Group) is the largest cement and materials producer in Malaysia, dominating the supply chain for national industrialization, construction, and infrastructure projects. This ensures steady long-term demand and strengthens the Group’s cash flow generation capacity.
5. High-Quality Global Property & Hospitality Assets
YTL’s asset portfolio includes some of the most valuable commercial and hospitality properties in Singapore and Australia through:
• Starhill Global REIT
• YTL Hospitality REIT
These assets provide stable recurring income while serving as strategic real-estate anchors in premium international markets.
6. A Proven Wealth-Building Track Record
Few companies in Malaysia — or the region — can match YTL’s wealth creation for shareholders.
• Since listing in 1986, YTL has paid RM30 billion in dividends — a remarkable testament to consistent profit distribution and financial strength.
• According to Bloomberg, YTL has grown 28,000% since its listing — making it one of the best-performing Malaysian companies in modern history.
YTL Group
- A dominant player in essential physical infrastructure
- A rapidly expanding force in digital infrastructure
- A strategic and early mover in global AI infrastructure
- Backed by world-class engineering, strong cash flows, global assets, and proven leadership
- Supported by decades of consistent dividends and extraordinary long-term growth
In an era where AI, digitalization, energy security, and infrastructure are the pillars of future economies, YTL is perfectly positioned not only to benefit — but to lead.