George Town

❈ LOCATION HIGHLIGHTS
▸ Strategically positioned within the prime tourism enclave of Georgetown, Penang.
▸ Surrounded by UNESCO heritage attractions, Armenian Street, Komtar, Gurney Drive, boutique hotels, cafés, government offices and medical centres.
▸ Mature hospitality belt supported by strong domestic and international tourist arrivals.
▸ Accessible via Rapid Penang bus routes within walking distance; approximately 25 minutes to Penang International Airport and 10–15 minutes to Penang Sentral ferry and transport hub.
▸ Growth driven by heritage conservation, cultural tourism expansion, medical tourism and limited new freehold supply in city core.

❈ PROPERTY DETAILS
▸ 6-storey detached 3-star hotel
▸ Freehold
▸ Land area: approx. 11,000 sf
▸ Total built-up: approx. 55,000 sf (approx. RM709 psf)
▸ Configuration: 150 fully fitted guest rooms
▸ Recently renovated — estimated savings up to RM7 million

▸ Contemporary interior concept blending modern comfort with subtle heritage elements. Spacious lobby, efficient room layouts and practical circulation suitable for tour groups and corporate guests.
▸ Facilities include reception lounge, dining area, meeting/function space and operational back-of-house infrastructure.
▸ Revenue streams from room sales, tour series, corporate bookings, events and F&B operations.

▸ Current rental collection: up to RM195,000 per month (minimum)
▸ Indicative ROI: approx. 6% based on RM39 million
▸ Attractive entry based on detached freehold status, strong rental yield, large key count and strategic Georgetown positioning.

❈ INVESTMENT HIGHLIGHTS
▸ 150 keys in heritage hotspot
▸ Detached freehold asset
▸ Income-generating with stable yield
▸ Renovated & operational-ready

❈ AGENT BRANDING
VIVAHOMES ‘Seamus KOR’
Malaysia TOP Hotel & Commercial Specialist

❈ DISCLAIMER
All information subject to verification. Viewing strictly by appointment only

❈ PUNCHLINES
▸ Georgetown Core | 150 Keys
▸ Freehold Detached Asset
▸ 6% Yield | Tourism Belt