THE RITZ-CARLTON KUALA LUMPUR – SUITE WING (PARCEL 1)


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 : 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 19 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 : RM1,898,000
Market value : RM220,000,000
Date of latest valuation : 31 May 2024
Independent valuer : Knight Frank Malaysia Sdn Bhd
Net book value : RM220,000,000