| Website |
: |
https://www.marriott.com/en-us/hotels/kulsp-hotel-stripes-kuala-lumpur-autograph-collection/overview/
|
| Address/Location |
: |
No. 25, Jalan Kamunting, 50300 Kuala Lumpur, Malaysia. |
| Property description |
: |
20-storey hotel building with 184 rooms and 148 car park bays. |
| Property type |
: |
Hotel |
| Age |
: |
Approximately 7 years |
| Title details |
: |
Grant No. 78933 for Lot No. 20063 Section 41, Town and District of Kuala Lumpur, State of Wilayah Persekutuan Kuala Lumpur. |
| Encumbrances/Limitation in title/ interest |
: |
The property is free from encumbrances and there is no restriction attached to the title. |
| Status of holdings |
: |
Freehold |
| Existing use |
: |
Commercial building |
| Parking spaces |
: |
148 bays |
| Lessee |
: |
Hotel 25 Sdn. Bhd. |
| Lease term |
: |
The property is leased for a term expiring on 30 October 2038. |
| Date of acquisition |
: |
31 October 2023 |
| Cost of acquisition (including incidentals) |
: |
RM139,415,000 |
| Fair value adjustments for the financial year |
: |
RM585,000 |
| Market value |
: |
RM140,000,000 |
| Date of latest valuation |
: |
31 May 2024 |
| Independent valuer |
: |
Savills (Malaysia) Sdn Bhd |
| Net book value |
: |
RM140,000,000 |
| Vendor |
: |
Hotel 25 Sdn. Bhd. |
| Relationship |
: |
Wholly-owned subsidiary of a major unitholder |
