| Website |
: |
https://www.ritzcarlton.com/en/hotels/kulrz-the-ritz-carlton-kuala-lumpur/overview/
|
| Address/Location |
: |
No. 168, Jalan Imbi, 55100 Kuala Lumpur. |
| Property description |
: |
60 units of hotel suites, 4 levels of commercial podium, 1 level of facilities deck and 2 levels of basement car parks, all located on part of a 38-storey block. |
| Property type |
: |
Serviced Apartment |
| Age |
: |
Approximately 18 years |
| Title details |
: |
Grant No. 47693 for Lot No. 1308 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 |
: |
Total combined 189 bays from Parcel 1 and Parcel 2 |
| Lessee |
: |
Star Hill Hotel Sdn. Bhd. |
| Lease term |
: |
The property is leased for a term expiring on 30 June 2031. |
| Date of acquisition |
: |
16 May 2007 |
| Cost of acquisition (including incidentals) |
: |
RM125,000,000 |
| Fair value adjustments for the financial year |
: |
RM1,690,000 |
| Market value |
: |
RM218,000,000 |
| Date of latest valuation |
: |
31 May 2023 |
| Independent valuer |
: |
Savills (Malaysia) Sdn Bhd |
| Net book value |
: |
RM218,000,000 |
