Mercure hotel sale and leaseback scheme enjoys high take-up rate

PETALING JAYA: The Mercure Hotel in Kota Kinabalu that offers a sale and leaseback scheme has received overwhelming response from local and foreign investors, with 120 suites already taken up.

According to a statement by global property consultant Knight Frank Malaysia, the hotel offers 130 units of fully furnished suites for interested investors.

The sizes of the suites range from 642 sq ft to 1,370 sq ft, with layout selections of one, two and three-room suites. Only 10 units are left, selling from RM726,000 to RM1,494,000.

Mercure Hotel is located at Kota Kinabalu City Centre, 550m away from the Kota Kinabalu Ferry Terminal.

The 25-storey hotel will comprise 315 hotel rooms and suites, with room sizes ranging from 689 sq ft to 1,475 sq ft. Facilities include rooftop swimming pool, rooftop gym, spa, restaurant and bar. With its proximity to the South China Sea and Signal Hill Park, Mercure Hotel will enjoy both sea and forest views.

The construction of the hotel started in 2012 and will be completed by year end. It should open its doors in January 2016.

The four-star hotel will be managed and operated by French company, Accor Group — this is its first Mercure brand hotel in Malaysia. Mercure Hotel is one of Accor Group’s 11 hotel brands. Currently, the group has nine hotels under four brands in Malaysia, namely Pullman, Novotel, Ibis and Avangio.

This article first appeared in The Edge Property pullout, in The Edge Financial Daily, 24 July, 2015