Address/Location : No. 9, Jalan Lumut, Off Jalan Ipoh, 50400 Kuala Lumpur.
Property description : 17-storey hotel building with 364 rooms and 2-storey basement car parks.
Property type : Hotel
Age : Approximately 23 years
Title details : GRN 33550, Lot No. 669 in Section 47, 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 : 125 bays
Lessee : Prisma Tulin Sdn. Bhd.
Lease term : The property is leased for a term expiring on 14 November 2026.
Date of acquisition : 15 November 2011
Cost of acquisition : RM100,000,000
Fair value adjustments for the financial year : RM7,700,000
Market value : RM136,000,000
Date of last valuation : 30 April 2018
Independent valuer : Azmi & Co. Sdn. Bhd.
Net book value : RM136,000,000