Hotels & hospitality

99-room Limited Service hotel in Pudu

Jalan Pudu Kuala Lumpur, Kuala Lumpur Malaysia 50200

Asking Price Contact for pricing

NOI Net Operating Income N/A

Cap Rate N/A

Asking Price Contact for pricing

NOI Net Operating Income N/A

Cap Rate N/A

Attributes

Tenure Type	Freehold
Building Area
Land Area
Number of units	99

Property Description

JLL has been appointed on behalf of the owner to facilitate in the sale of a 99-room limited service hotel in Pudu. The 10-storey commercial building was renovated in the year 2017, hence minimal CAPEX is required. The hotel is located within walking distance of Pudu Sentral, the bus transit hub of Kuala Lumpur with excellent connectivity throughout the country. It has close proximity to public transportation as well as tourist attractions. The new owner has an excellent opportunity to have vacant possession of the hotel management.

Investment Highlights

99-Room Limited Service Hotel in the Central Business District of Kuala Lumpur

Strategically located next to Pudu Sentral;
10-storey high commercial building on a freehold site;
Relatively new; Completed in year 2017 hence minimal CAPEX required;
450m & 600m away from Plaza Rakyat & Masjid Jamek LRT Stations; 1.3km away from Hang Tuah Monorail Station;
Nearby amenities include Petaling Street Market, Mydin Kotaraya, Stadium Merdeka etc;
Motivated vendor;
Excellent opportunity to have vacant possession of hotel management

Last Updated Date: 27 Jul 2020

Ethan Lee

Capital Markets

Janice Chin

Capital Markets (Office, Retail Malls, Hotels)

+0008004430006

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Last Updated Date: 27 Jul 2020