London-listed Aseana Properties selling Aloft Hotel for RM419mil

Good price: Following the disposal of the Aloft Hotel, Aseana will carry out a capital distribution of about US10mil (RM39mil) to its shareholders.

PETALING JAYA: London-listed Aseana Properties Ltd (Aseana Properties) is disposing of the Aloft Kuala Lumpur Sentral Hotel for RM418.7mil or about US$104.6mil. The deal works out to about RM870,000 a room for the 482-room hotel.

Following the disposal, Aseana will do a capital distribution of about US$10mil to shareholders.