George Town

❈ LOCATION HIGHLIGHTS
▸ Prime location within George Town, Penang, a UNESCO-listed heritage city and major tourism hub
▸ Surrounded by heritage attractions, government offices, medical centres, shopping complexes, banks, and established commercial districts, supporting strong and consistent hotel occupancy
▸ Continuous growth driven by tourism recovery, infrastructure upgrades, and increasing international arrivals

❈ PROPERTY DETAILS
▸ Property type: 6-storey detached boutique hotel
▸ Land area: Approx. 6,800 sf
▸ Total built-up: Approx. 12,500 sf
▸ Configuration: 42 fully fitted guest rooms
▸ Condition: Recently renovated with modern finishes, allowing savings of up to RM2 million in renovation costs
▸ Design & ambience: Contemporary-meets-heritage concept with warm tones, efficient room layouts, and inviting common areas suitable for leisure and business travellers
▸ Facilities & spaces: Reception lobby, lounge area, storage rooms, staff facilities, and flexible spaces suitable for café, vending, co-working, or event use, creating additional income potential
▸ Parking: Dedicated on-site parking and nearby public parking facilities for guests and operators
▸ Current income: Asking rental at RM62,000 per month
▸ Transaction terms: No buy-over fee required

❈ INVESTMENT EDGE / ADVANTAGES
▸ Strategic location within a high-demand tourism and commercial district
▸ Detached building offers strong branding, privacy, and operational flexibility
▸ High room count enhances scalability and revenue potential
▸ Immediate income with minimal capital expenditure required
▸ Strong long-term value supported by George Town’s heritage status and tourism fundamentals
▸ Attractive yield potential compared to similar hotel assets in Penang

❈ DISCLAIMER
Content and photos may differ from actual conditions. Viewing is recommended for accurate assessment.

❈ AGENT BRANDING
VIVAHOMES ‘Seamus KOR’ – Malaysia TOP Hotel & Commercial Agent with Most Valuable Listings to share