Pavilion REIT To Acquire Banyan Tree, Pavilion Hotel For RM480 Million
Pavilion REIT To Acquire Banyan Tree, Pavilion Hotel For RM480 Million
Pavilion REIT said the acquisitions will be funded via a combination of debt and/or equity, with the group proposing a private
Pavilion Real Estate Investment Trust has announced its proposed acquisitions of two prestigious hospitality assets in Kuala Lumpur, the Banyan Tree Kuala Lumpur and Pavilion Hotel Kuala Lumpur, in a landmark deal worth RM480 million.
悦榕控股股权房地产投资信托宣布拟收购位于吉隆坡的两处知名酒店资产，即悦榕控股吉隆坡酒店和吉隆坡展览酒店，此交易价值为48000万马币。
The acquisition of BTKL at a purchase consideration of RM140 million while the acquisition of PHKL is at a purchase consideration of RM340 million.
收购BTKL的购买金额为14000万马币，而收购PHKL的购买金额为34000万马币。
Both properties are located in the bustling Bukit Bintang area, at the heart of Kuala Lumpur's Golden Triangle. Dato' Philip Ho, Chief Executive Officer of Pavilion REIT Management Sdn Bhd, which is the manager of Pavilion REIT said, "The acquisitions align with Pavilion REIT's strategy which contributes positively to the overall portfolio and future growth, while also generating stable and sustainable income for unitholders.""Acquiring these iconic hospitality assets reinforces our commitment to delivering premium offerings while capitalising on synergistic opportunities with Pavilion Kuala Lumpur Mall", he added.
这两处物业位于热闹的武吉免登地区，位于吉隆坡黄金三角的核心地带。悦榕控股股权房地产投资信托管理有限公司的首席执行官Dato' Philip Ho表示：“这些收购符合悦榕控股股权房地产投资信托的策略，有助于整体投资组合和未来增长，同时为持有单位的投资者带来稳定和可持续的收入。”他补充道：“收购这些标志性的酒店资产进一步坚定了我们提供优质服务的承诺，同时利用与吉隆坡商场的协同机会。”
Pavilion REIT said the acquisitions will be funded via a combination of debt and/or equity, with the group proposing a private
placement of new units to raise gross proceeds between RM264 million and RM552 million. Alternatively, it added that it may issue up to RM246.5 million worth of units to settle part of the purchase consideration.
悦榕控股股权房地产投资信托表示，收购将通过债务和/或股本的组合融资，集团拟进行私募
以筹集总收益在26400万至55200万马币之间的新单位。或者，它补充说，可能会发行价值高达24650万马币的单位以支付部分购买金额。
The transaction is expected to enhance portfolio diversification by reducing Pavilion Kuala Lumpur Mall's contribution to Pavilion REIT's total asset value from 61.4% to 58.0% via exposure to the hospitality sector.
The hotels are operated and managed by Banyan Tree Hotels & Resorts Pte Ltd since their openings in 2018. Banyan Tree Hotels & Resorts Pte Ltd is part of Singapore-listed Banyan Tree Holdings Limited, a global hospitality group renowned for its luxury offerings and award-winning services.
As part of the deal, the hotels will be leased back to the current operator for an initial 10-year term, with the option to renew for up to 20 additional years. The fixed annual rental income will commence at RM33.5 million for the first five years, generating an approximate annual gross yield of 7.0%. T
此交易预计将通过减少吉隆坡商场对悦榕控股股权房地产投资信托总资产价值的贡献，从61.4%减少至58.0%，从而增强投资组合的多样化。
这些酒店自2018年开业以来由悦榕控股酒店及度假村有限公司运营和管理。悦榕控股酒店及度假村有限公司是新加坡上市的悦榕控股有限公司的一部分，是一家以奢华产品和获奖服务而闻名的全球酒店集团。
作为交易的一部分，这些酒店将以10年的初始租期租回给当前的运营商，并可选择续租最多20年。前五年的固定年租收入将从3350万马币开始，产生约7.0%的年毛收益率。
