Quality Hospitality Leasehold Property Fund
Details of Asset

1. Details of Asset	:	Leasehold rights over land and buildings of NH Bangkok 
Sukhumvit Boulevard Hotel and the ownership of furniture and fixtures necessary
for operating the hotel: The hotel comprises two connected buildings which are
(1) The Siam Wing, a 14-storey building and (2) The Krungthep Wing, a 27-storey
building with 178 parking spaces.  The two buildings have a total of 315 rooms.
The hotel is situated on a land with an area of 2 rai and 57.9 square wah, and
an estimated usable area of 30,315 square meters (Lease ended March 17, 2038).

2. Type of Asset	:	Leasehold right over land and hotel building

3. Location 	:	No. 2, Soi Sukhumvit 5 (Lerdsin 1), North Klongtoey, Wattana, 
Bangkok

4. Appraisal Value *		:	Baht 953,000,000 (November 22, 2024)

5. Appraiser	:	15 Business Advisory Limited



* 	The appraiser applied income approach method to assess value of the 
properties as they are income-generated assets from cash flow forecast. The
appraiser used net present value of projected income receivable by the Fund
deducted by projected expenses over the remaining lease period for 13 years 3
months 26 days which ended March 17, 2038, based on a discount rate of 12.50%
per annum. Such method considered asset utilization under the agreements that
the Fund entered into and in the case of the renovation project to be better
condition.
	
Investors may request more information on the appraisal report at the Management
 Company.
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