Notice of Valuation of Real Assets::VALUATION OF HOTEL ASSETS 31 DECEMEBER 2020

Issuer & Securities

Issuer/ Manager
HOTEL GRAND CENTRAL LIMITED
Securities
HOTEL GRAND CENTRAL LTD - SG1J41888780 - H18
Stapled Security
No

Announcement Details

Announcement Title
Notice of Valuation of Real Assets
Date &Time of Broadcast
02-Mar-2021 12:43:55
Status
New
Announcement Sub Title
VALUATION OF HOTEL ASSETS 31 DECEMEBER 2020
Announcement Reference
SG210302OTHR9IY3
Submitted By (Co./ Ind. Name)
HOTEL GRAND CENTRAL LIMITED
Designation
CORPORATE SECRETARY
Description (Please provide a detailed description of the event in the box below)
The Company and its subsidiaries ( the Group ) has obtained new independent valuations as of 31 December 2020, for all hotels owned by the Group - please see attached announcement.

Additional Details

Valuation Details
Date of Valuation
Name of the Valuer
Description of Property
Valuation Currency
Valuation Amount
31/12/2020Edmund Tie & Company(SEA) Pte LtdHotel Grand Central Singapore Freehold Land at Orchard RoadSingapore Dollar245,000,000
31/12/2020Edmund Tie & Company(SEA) Pte LtdHotel Chancellor @ Orchard Singapore Leasehold Land at Orchard RoadSingapore Dollar354,000,000
31/12/2020Colliers InternationalHotel Grand Chancellor Brisbane LandAustralian Dollar43,000,000
31/12/2020Colliers InternationalHotel Grand Chancellor MelbourneAustralian Dollar38,500,000
31/12/2020Colliers InternationalHotel Grand Chancellor LauncestonAustralian Dollar22,750,000
31/12/2020Colliers InternationalHotel Grand Chancellor on Hindley, AdelaideAustralian Dollar27,000,000
31/12/2020Colliers InternationalHotel Grand Chancellor on Currie, AdelaideAustralian Dollar8,250,000
31/12/2020Colliers InternationalHotel Grand Chancellor, HobartAustralian Dollar103,300,000
31/12/2020Colliers InternationalHotel Grand Chancellor TownsvilleAustralian Dollar14,500,000
31/12/2020Colliers InternationalHotel Grand Chancellor Palm Cove.Australian Dollar9,300,000
31/12/2020CBRE LimitedJames Cook Hotel Grand Chancellor WellingtonNew Zealand Dollar62,000,000
31/12/2020CBRE LimitedHotel Grand Chancellor Auckland CityNew Zealand Dollar27,600,000
31/12/2020PPC International PenangHotel Grand Crystal Kedah, MalaysiaMalaysian Ringgit15,000,000
31/12/2020Zhaoqing Zhonglian Assets Appraisal Co., Ltd, GuangdongHotel Grand Central Sihui LandYuan Renminbi81,967,000
Valuation of Reports available for inspection at address during office hours
22 Cavenagh Road, Singapore 229617
Reports available till date
01/06/2021

Attachments

HGC Valuation of Assets Announcement2020.pdf
Total size =195K