George Town

❈ LOCATION HIGHLIGHTS

▸ Prime Tourism District in Penang – strategically located in one of the island’s most bustling hotel, leisure & lifestyle zones
▸ High-Demand Area – consistent influx from families, leisure travelers, corporate guests, MICE events, long-term visitors & expatriates
▸ Future Growth Opportunities – Gurney Wharf, tourism enhancements, healthcare tourism expansion & ongoing influx of regional visitors ensure enduring value & performance reliability

❈ PROPERTY DETAILS

▸ Property Type: 4-Star Standalone Hotel
▸ Building Height: 54 storeys – prominent landmark with outstanding skyline visibility
▸ Configuration: 469 fully fitted guest rooms (~RM784 per room equivalent)
▸ Condition: Modern, high-end finishing; exceptionally maintained – potential CAPEX savings worth millions
▸ Design & Ambience: Contemporary hotel style with luxurious tones, soft lighting, spacious corridors, elegant lobby & premium guestroom layout optimised for both business and leisure stays
▸ Facilities & Spaces Generating Additional Revenue:
– Large banquet halls & meeting rooms (MICE income)
– All-day dining restaurant, café & lounge
– Sky facilities (rooftop level opportunities)
– Swimming pool, gym & wellness areas
– Ample parking slots with potential monthly parking income stream
– Retail/ancillary spaces suitable for extra revenue
▸ Asking Rental: RM360,000 per month
▸ Buyover Fee: Required (details upon request)

❈ INVESTMENT EDGE / ADVANTAGES

▸ Flagship Penang 4-star asset with unique 469-room inventory
▸ Perfect for corporate groups, tourism operators & branded hotel chains
▸ Strategic location in a high-tourist area with year-round demand
▸ Large banquet, events & F&B spaces creating multiple revenue streams
▸ Strong capital appreciation prospects supported by continuous Penang tourism growth

❈ DISCLAIMER

Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Viewing recommended for accurate assessment.