YTL Hospitality REIT acquires Hotel Stripes Kuala Lumpur for RM138 mln

News about YTL Hospitality REIT
YTL Hospitality Real Estate Investment Trust (YTL Hospitality REIT) has added Hotel Stripes Kuala Lumpur, Autograph Collection, to its portfolio after acquiring the property for RM138 million in cash.

Stripes Kuala Lumpur, Autograph Collection, is a five-star hotel on Jalan Kamunting in Kuala Lumpur.

The property's audited net book value was RM48.7 million as of June 30, 2022.
...read more on New Straits Times
YTL Hospitality REIT
Price1.190 MYR
NAV1.742 MYR
Yield (4 quarters)6.51%
Gearing43.7%