Hotel
Address Lot 162 & 163, Jalan Tunku Ibrahim, 05000 Alor Setar, Kedah Darul Aman
Location The property is located within the Central Business District of Alor Setar where several government and commercial buildings are located, including Majlis Bandaraya Alor Setar, Bangunan KWSP, Bangunan Simpanan Nasional, Menara Sentosa and Universiti Tun Abdul Razak.

 

Alor Setar is the capital city of Kedah and one of the region’s oldest cities. It is a distribution center for manufacturing and agricultural products such as rice. Alor Setar is also the royal town of the Kedah State.

Title details Held under Master Title H.S. (D) 21920, PT 6282, H.S. (D) 21921, P.T. 6283, H.S. (D) 21922, P.T. 6284, all in Town of Alor Setar, District of Kota Setar, State of Kedah Darul Aman
Property type Hotel
Description A 21-storey hotel with 156-rooms with sub-basement level within a development known as City Plaza
Age of Property Approximately 86 years
Tenure of Master Title Leasehold for 99 years
Unexpired lease period Approximately 87 years
Lease period 11.5 years commencing from February 2007
Gross Floor Area 150,000 sq.ft
Net lettable area Not applicable
Existing use A hotel under the brand name of Hotel Holiday Villa
Date of acquisition 26th February 2007
Cost of acquisition RM31,000,000
Valuation as at Deceomber 2021 RM26,000,000
Valuer Rahim & Co International Sdn Bhd
Carrying Amount RM26,000,000
Master Lessee Alor Setar Holiday Villa Sdn Bhd
Occupancy rates 0%
Net rental (per month) RM142,083
Property Manager Hartamas Asset Management Sdn Bhd