HILTON NISEKO VILLAGE


Address/Location : Aza-Soga, Niseko-cho, Abuta-gun, Hokkaido.
Property description : 16-storey hotel building with 1-storey of basement comprising 506 rooms.
Property type : Hotel
Age : Approximately 24 years
Title details : Lot No. 919-15, 919-18, 919-19, 920-4, 920-5 and 920-7, Aza-Soga, Niseko-cho, Abuta-gun and Lot No. 214-6, 252-2 and 264-4, Aza-Kabayama, Kutchan-cho, Abuta-gun, Hokkaido, Japan.
Encumbrances/Limitation in title/ interest : Nil
Status of holdings : Freehold
Existing use : Commercial building
Parking spaces : 290 bays
Lessee : Niseko Village K.K.
Lease term : The property is leased for a term expiring on 21 December 2026.
Date of acquisition : 22 December 2011
Cost of acquisition : JPY6,000,000,000
Fair value adjustments for the financial year : JPY880,000,000 or RM31,604,000
Market value : JPY8,020,000,000
Date of last valuation : 30 April 2018
Independent valuer : Savills Japan Co., Ltd.
Net book value : RM292,618,000