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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 28 years
Title details : Geran 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 (including incidentals) : RM101,207,000
Fair value adjustments for the financial year : RM2,500,000
Market value : RM147,000,000
Date of latest valuation : 31 May 2023
Independent valuer : Azmi & Co Sdn Bhd
Net book value : RM147,000,000