--- title: Serasi Padi, Alor Setar (Formerly known as Holiday Villa) description: Serasi Padi, Alor Setar (Formerly known as Holiday Villa) - AmanahRaya REIT (AmanahRaya Real Estate Investment Trust) --- ![Amanahraya Investment Management](https://www.amanahrayareit.com.my/hubfs/raw_assets/public/Amanahraya_reit_December2021/images/logo-reit.jpg) - [Home](https://www.amanahrayareit.com.my/?hsLang=en) - About Us - [About Us](https://www.amanahrayareit.com.my/about-us/overview/?hsLang=en) - [About AmanahRaya REIT](https://www.amanahrayareit.com.my/about-us/overview/?hsLang=en) - [About AmanahRaya-Kenedix REIT Manager Sdn. 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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 28 years | | Tenure of Master Title | Leasehold for 99 years | | Lease period | 15 years | | Gross Floor Area | 150,000 sq.ft. | | Existing use | Hotel | | Date of acquisition | 26th February 2007 | | Cost of acquisition | RM31,000,000 | | Valuer | Nawawi Tie Leung Property Consultants Sdn. Bhd. | | Carrying Amount | RM22,000,000 | | Master Lessee | Urban Collection Sdn. Bhd. | | Occupancy rates | 100% | | Property Manager | Knight Frank Property Management Sdn. Bhd. | [Previous portfolio SEGi University, Kota Damansara](https://www.amanahrayareit.com.my/portfolio/segi-university-kota-damansara/?hsLang=en) [Next portfolio Selayang Mall, Selayang](https://www.amanahrayareit.com.my/portfolio/selayang-mall/?hsLang=en) ![](https://www.amanahrayareit.com.my/hs-fs/hubfs/raw_assets/public/Amanahraya_reit_December2021/images/bottom-banner-bg.jpg) ![](https://www.amanahrayareit.com.my/hubfs/raw_assets/public/Amanahraya_reit_December2021/images/bottom-banner-logo.png) ### A Proud Subsidiary of Amanah Raya Berhad Amanah Raya Berhad is Malaysia’s premier trustee company owned by the Minister of Finance Incorporated. With a century-long legacy dating back to 1 May 1921, Amanah Raya Berhad has served our nation for 100 years. 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