JW MARRIOTT HOTEL KUALA LUMPUR


Address/Location : No. 183, Jalan Bukit Bintang, 55100 Kuala Lumpur.
Property description : A 5-star hotel with 569 rooms located on part of an 8-level podium block and entire 24-level tower block of Starhill Gallery together with car park bays located partially at basement 1 and 4 and the entire basement 2, 3 and 5 of JW Marriott Hotel Kuala Lumpur.
Property type : Hotel
Age : Approximately 20 years
Title details : Grant No. 28678/M1/B5/1, within Parcel No. 1, Storey No. B5 of Building No. M1 and 8 accessory parcels for Lot No. 1267 Section 67, Town and District of Kuala Lumpur, State of Wilayah Persekutuan Kuala Lumpur.
Encumbrances/Limitation in title/ interest : The property is charged to secure financing and there is no restriction attached to the title.
Status of holdings : Freehold
Existing use : Commercial building
Parking spaces : 490 bays
Lessee : Star Hill Hotel Sdn. Bhd.
Car park operator : YTL Land Sdn. Bhd.
Lease term : The property is leased for a term expiring on 31 December 2023.
Date of acquisition : 16 December 2005
Cost of acquisition : RM331,024,096
Market value : RM411,000,000
Date of last valuation : 31 May 2017
Independent valuer : Savills (Malaysia) Sdn. Bhd.
Net book value : RM411,000,000