Date of Acquisition
28 January 2015
Acquisition price
RM
0
million
Land Area (sq.ft.)
0
No. of Parking Bays
>
0
Appraised Value
RM
0
million
Gross Floor Area (sq.ft.)
0
Average Value per Room
RM
0
No. of Rooms
0
Capitalisation/Discount Rate (%)
0
.50
/
0
.50
Master Lease Details
Master Lessee
Sunway Biz Hotel Sdn Bhd
Total Rent
The higher of variable rent or guaranteed rent. Variable rent comprises base rent of 20% of revenue plus 70% of GOP less master lease expenses. Guaranteed rent in respect of Sunway Hotel Georgetown consists of RM4.4 million for Year 1 and Year 2 and RM3.4 million each year for the remaining 10-year term.
Duration
10 years from 28 January 2015 with an option to renew for another 10 years
33, New Lane (Off Macalister Road),
Georgetown,
10400 Penang, Malaysia
10400 Penang, Malaysia
+604 228 8899
Property KPIS
Average Occupancy Rate
No Data Found
Guest Profile by Room Revenue
(FY2023)
No Data Found