George Town

❈ LOCATION HIGHLIGHTS

▸ Prime spot in George Town, Penang, one of Malaysia's leading tourism, heritage, and commercial hubs
▸ Enveloped by UNESCO World Heritage sites, Komtar, Penang Cruise Terminal, government offices, financial institutions, and luxury hotels
▸ In proximity to 1st Avenue Mall, Prangin Mall, Penang General Hospital, heritage streets, and lifestyle venues
▸ Robust demand from international tourists, business travelers, medical tourists, cruise visitors, and MICE events
▸ Roughly 5 mins to Komtar Bus Terminal and 25 mins to Penang International Airport

❈ PROPERTY DETAILS

▸ 8-Storey Detached 4-Star Hotel
▸ Freehold
▸ Land Area: Approx. 100,000 sf
▸ Built-up: Approx. 254,000 sf (RM432 psf)
▸ Configuration: 189 Fully Fitted Guest Rooms (~RM615k per room)

▸ Stylish colonial-inspired architecture fused with contemporary hospitality design
▸ Grand lobby, spacious guest rooms, and top-notch guest amenities providing a refined heritage-hotel ambiance

▸ Facilities & Revenue Generators:
• Ballroom & banquet halls
• Meeting & conference facilities
• All-day dining restaurant
• Specialty F&B outlets
• Swimming pool
• Gymnasium & wellness facilities
• Wedding & event business
• Corporate functions & MICE activities
• Tour group and long-stay accommodation programs

▸ Asking Price: RM110 Million

❈ INVESTMENT EDGE

▸ Unique freehold 4-star hospitality asset within George Town's tourism zone
▸ Attractive acquisition at merely RM432 psf
▸ Strategic location reaping benefits from consistent tourism and business demand
▸ Strong long-term appreciation driven by Penang's expanding tourism and hospitality sector

▸ Compelling entry based on freehold status, prestigious George Town location, 189-room size, diversified revenue streams, and replacement-cost advantage at only RM432 psf

❈ DISCLAIMER

Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of the pro