How much was the Merdeka Palace Hotel overvalued by FIC?

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Merdeka Palace Hotel Was Overvalued by RM50 Million by FIC

Felda Investment Corporation (FIC) purchased the Merdeka Palace Hotel in Sarawak for RM160 million in 2014. At the time of the acquisition, the hotel had been valued at RM110 million. This discrepancy indicates an overvaluation of RM50 million in the transaction.
FIC's Acquisition of Merdeka Palace Hotel

The 213-room Merdeka Palace Hotel was acquired by FIC in 2014. The purchase price was RM160 million.
Hotel's Valuation at the Time of Purchase

Independent assessments placed the value of the Merdeka Palace Hotel at RM110 million when FIC completed its purchase. This valuation was significantly lower than the price paid by FIC.
Financial Discrepancy in the Transaction

The difference between the RM160 million purchase price and the RM110 million valuation amounts to RM50 million. This represents the extent to which the hotel was overvalued during the acquisition process.

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How much was the Merdeka Palace Hotel overvalued by FIC?

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