Many hotel businesses are shutting down due to the Covid-19 pandemic that hit the country early last year.
However, one person managed to profit from it.
Burger seller Norizam Tukiman, 40, is now the owner of 70 hotels under the Zamburger chain.
He expanded his hotel chain by taking over 67 three-star boutique hotel including three in Indonesia, within a span of 15 months.
Norizam said he was able to buy over the hotels at a low price, as the owners could not cover the operating costs and pay the staff salaries.
Norizam started with only three hotels, two in Senai, Johor and one in Kota Warisan, Sepang, Selangor before expanding his business empire.
When questioned how he could take over a large number of hotels within a short time, Norizam said he used three business strategies,“First is to buy the hotel, second is to buy the hotel ‘business’ with the hotel still owned by the original owner, and the third is through lease,” he said.
So, how did a burger seller become a mega-property owner?