AmanahRaya REIT is disposing of its 4-star beach resort hotel building in Langkawi as part of efforts to reduce its gearing.

The asset, which features 238 rooms, is known as the Holiday Villa Beach Resort & Spa Langkawi and it is located on 3 parcels of freehold land.

It is being sold to PGSB, a wholly-owned subsidiary of Plenitude Berhad.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.