TA Enterprise told Bursa Malaysia yesterday the acquisition of the freehold five-star hotel, which is part of the 16-storey Regent Place Development, only included the 262 rooms and hotel amenities located on nine floors of the development.
It said the net book value of the hotel was A$137.41mil as at June 30, 2008.
The company added that for the 12 months ended July 31, 2008, the hotel occupancy had increased to 82.8% while the average room rate had risen to A$311.22.
Source : Star
[tags : malaysiahotelnews hotels malaysia resorts news travel tourism travel vmy2008]
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