| Website |
: |
https://www.ritzcarlton.com/en/hotels/kulrz-the-ritz-carlton-kuala-lumpur/overview/
|
| Address/Location |
: |
No. 168, Jalan Imbi, 55100 Kuala Lumpur, Malaysia. |
| Property description |
: |
22-storey 5-star hotel building comprising 251 rooms with 4 levels of basement car parks. |
| Property type |
: |
Hotel |
| Age |
: |
Approximately 27 years |
| Title details |
: |
Grant No. 26579 for Lot No. 225, 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 |
: |
154 bays |
| Lessee |
: |
East-West Ventures 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) |
: |
RM253,017,000 |
| Fair value adjustments for the financial year |
: |
RM6,000,000 |
| Market value |
: |
RM368,000,000 |
| Date of latest valuation |
: |
31 May 2024 |
| Independent valuer |
: |
Knight Frank Malaysia Sdn Bhd |
| Net book value |
: |
RM368,000,000 |
