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AC HOTEL KUANTAN CITY CENTRE
Website | : | https://www.marriott.com/en-us/hotels/kuaar-ac-hotel-kuantan/overview/ |
Address/Location | : | Jalan Teluk Sisek, 25000 Kuantan, Pahang Darul Makmur, Malaysia. |
Property description | : | 8-storey hotel building with 215 rooms. |
Property type | : | Hotel |
Age | : | Approximately 25 years |
Title details | : |
PN No. 13491 for Lot No. 714, Section 37, Town and District of Kuantan, State of Pahang Darul Makmur. |
Encumbrances/Limitation in title/ interest | : | The property is charged to secure financing and there is restriction attached to the title. |
Status of holdings | : | 99-year leasehold expiring on 11 July 2092. The unexpired lease period is approximately 68 years. |
Existing use | : | Commercial building |
Parking spaces | : | 125 bays |
Lessee | : | Business & Budget Hotels (Kuantan) 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 (including incidentals) | : | RM75,980,000 |
Fair value adjustments for the financial year | : | RM200,000 |
Market value | : | RM106,500,000 |
Date of latest valuation | : | 31 May 2024 |
Independent valuer | : | Knight Frank Malaysia Sdn Bhd |
Net book value | : | RM106,500,000 |