Tanjung Tokong

❈ LOCATION HIGHLIGHTS
▸ Exceptional location in Tanjung Tokong, George Town – a highly desirable coastal and lifestyle hub in Penang
▸ Enveloped by major landmarks such as Straits Quay, Gurney Drive, Gurney Plaza, Gurney Paragon, Island 88, Adventist Hospital, and Gleneagles Hospital
▸ Strong demand from tourists, expatriates, professionals, medical travelers, and long-term visitors
▸ Great accessibility via Jalan Tanjung Tokong and Tun Dr Lim Chong Eu Expressway, connecting to George Town, Batu Ferringhi, and Penang Bridge
▸ Proximity to Penang’s main leisure, dining, and cultural attractions
▸ Growth fueled by ongoing waterfront projects, tourism recovery, and limited new hotel offerings

❈ PROPERTY DETAILS
▸ 13-storey freehold hotel
▸ Land area: ≈24,700 sf
▸ Built-up: ≈200,000 sf (≈RM375 psf)
▸ Rooms: 131 fully fitted ensuite guest rooms (≈RM595k per room)
▸ Condition: Renovated with modern finishes, providing significant CAPEX savings
▸ Design & ambience: Contemporary, clean, and professional hotel atmosphere ideal for leisure and business travelers
▸ Facilities & upside: Lobby, guest amenities, parking, and adaptable spaces suitable for F&B or additional income
▸ Asking price: RM75 million

❈ INVESTMENT EDGE / ADVANTAGES
▸ Unique freehold standalone hotel in North Penang
▸ Strategic coastal site with robust year-round demand
▸ Attractive entry pricing on a psf and per-room basis
▸ Renovated asset – quicker deployment and reduced capital risk
▸ Long-term appreciation potential from tourism growth and waterfront scarcity

❈ DISCLAIMER
Content & photos may differ. Viewing recommended for accurate assessment.

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

❈ PUNCHLINES
▸ Prime Tanjung Tokong | Freehold Hotel
▸ 131 Keys | Coastal Lifestyle Catchment
▸ Renovated Asset | Strong Upside Potential