George Town

❈ LOCATION HIGHLIGHTS

▸ Prime location in George Town, Penang, one of Malaysia's premier tourism, heritage and commercial destinations
▸ Surrounded by UNESCO World Heritage attractions, Komtar, 1st Avenue Mall, Prangin Mall, government offices and established hotels
▸ Close to Penang General Hospital, heritage streets, lifestyle destinations and key tourism landmarks
▸ Strong catchment from international tourists, business travellers, medical tourists and cruise passengers
▸ Approximately 5 mins to Komtar Bus Terminal and 25 mins to Penang International Airport

❈ PROPERTY DETAILS

▸ 7-Storey Detached 3-Star Hotel
▸ Freehold
▸ Land Area: Approx. 4,306 sf
▸ Built-up: Approx. 18,000 sf (RM767 psf)
▸ Configuration: 47 Fully Fitted Guest Rooms (~RM294k per room)

▸ Tastefully renovated with modern finishes – save up to RM2 million renovation cost
▸ Modern boutique-hotel ambience featuring stylish interiors, welcoming lobby and comfortable guest rooms
▸ Efficient hospitality layout catering to leisure travellers, medical tourists, corporate guests and tour groups
▸ Well-maintained operational setup with immediate business continuity

▸ Facilities & Revenue Generators:
• Restaurant & café
• Meeting / function room

▸ Asking Price: RM13.8 Million

❈ INVESTMENT EDGE

▸ Rare freehold detached hotel within George Town tourism belt
▸ Attractive acquisition at approximately RM294k per room
▸ Existing hospitality infrastructure reduces startup and renovation costs
▸ Multiple recurring income streams from rooms, F&B and events
▸ Strategic location benefiting from year-round tourism and medical-travel demand

▸ Attractive entry based on freehold tenure, prime George Town location, low acquisition cost per room and established operational setup with immediate revenue potential

❈ DISCLAIMER

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