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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS YTL HOSPITALITY REIT ("YTL REIT")
LEASE OF A HOTEL IN PUCHONG, SELANGOR ("PROPERTY")
YTL HOSPITALITY REIT
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
YTL HOSPITALITY REIT ("YTL REIT")
LEASE OF A HOTEL IN PUCHONG, SELANGOR ("PROPERTY")
The Board of Directors of Pintar Projek Sdn Bhd, as the Manager for YTL REIT, wishes to announce that following completion of the renovation of the Property, the Property now known as AC Hotel Puchong will be leased to Prisma Tulin Sdn Bhd ("Lessee") (a wholly-owned subsidiary of YTL Corporation Berhad) under a lease agreement effective 1 April 2026 for a period of fifteen (15) years with an option granted to the Lessee to renew for a further term of fifteen (15) years. The annual rental payments which include a step-up provision of five per cent (5%) every five (5) years are as follows:
Annual rental payments (RM)
Years 1 - 5^
Years 6 - 10^^
Years 11 - 15^^^
3,640,000
3,822,000
4,013,100
Notes: ^ From 1 April 2026 to 31 March 2031. ^^ From 1 April 2031 to 31 March 2036. ^^^ From 1 April 2036 to 31 March 2041.