George Town
George Town, Penang
RM 99,980,000
Negotiable
10
Baths
140,000
sqft (floor)
RM 714.14
psf (floor)
1.3 km (15 mins) from Komtar
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About this property
21sty Detached - Freehold - 241 Rooms - Potential to 4-5 Star
❈ Location Highlights
▸ Prime hotel location in the heart of Georgetown, Penang’s UNESCO heritage and major tourist hotspot.
▸ Surrounded by key landmarks including KOMTAR, 1st Avenue Mall, Prangin Mall, Penang General Hospital, government offices, and major tourist attractions.
▸ Located within a mature, high-demand township with strong catchment from families, professionals, business travellers & long-stay tourists
▸ Excellent accessibility to Komtar Bus Terminal (within walking distance) and easy connection to the island’s main routes leading to Penang Bridge, Gurney Drive, & Batu Ferringhi.
▸ Strong growth potential supported by Penang’s booming tourism sector, heritage-driven revitalisation & continuous urban redevelopment in the city centre.
❈ Property Details
▸ Standalone 3-Star Hotel, rising 21 floors, strategically positioned in the core of Georgetown’s commercial & tourism belt.
▸ Total Built-up: Approx. 140,000 sq.ft. (equivalent to RM714 psf).
▸ Configuration: About 241 fully fitted & operational guest rooms (~RM430k per room).
▸ Condition: Tastefully upgraded with modern finishes, allowing buyers to save millions in renovation cost.
▸ Facilities:
– Swimming pool
– Multi-purpose event halls & meeting rooms
– All-day dining restaurant
– Ample car park
– 24-hour reception & lobby lounge
❈ Investment Edge / Advantages
▸ High-demand Georgetown tourist belt – strong occupancy all year round.
▸ Rare, tall standalone property with excellent visibility & branding potential.
▸ Upgraded condition reduces capex and accelerates ROI.
▸ Large room inventory ideal for tour groups, corporate stays & travel agencies.
▸ Located in Penang’s fastest-growing tourism and commercial corridor.
❈ Disclaimer
Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of the property.
❈ Agent Branding
VIVAHOMES ‘Seamus KOR’ – Malaysia TOP Hotel & Commercial Agent with Most Valuable Listings to share
▸ Prime hotel location in the heart of Georgetown, Penang’s UNESCO heritage and major tourist hotspot.
▸ Surrounded by key landmarks including KOMTAR, 1st Avenue Mall, Prangin Mall, Penang General Hospital, government offices, and major tourist attractions.
▸ Located within a mature, high-demand township with strong catchment from families, professionals, business travellers & long-stay tourists
▸ Excellent accessibility to Komtar Bus Terminal (within walking distance) and easy connection to the island’s main routes leading to Penang Bridge, Gurney Drive, & Batu Ferringhi.
▸ Strong growth potential supported by Penang’s booming tourism sector, heritage-driven revitalisation & continuous urban redevelopment in the city centre.
❈ Property Details
▸ Standalone 3-Star Hotel, rising 21 floors, strategically positioned in the core of Georgetown’s commercial & tourism belt.
▸ Total Built-up: Approx. 140,000 sq.ft. (equivalent to RM714 psf).
▸ Configuration: About 241 fully fitted & operational guest rooms (~RM430k per room).
▸ Condition: Tastefully upgraded with modern finishes, allowing buyers to save millions in renovation cost.
▸ Facilities:
– Swimming pool
– Multi-purpose event halls & meeting rooms
– All-day dining restaurant
– Ample car park
– 24-hour reception & lobby lounge
❈ Investment Edge / Advantages
▸ High-demand Georgetown tourist belt – strong occupancy all year round.
▸ Rare, tall standalone property with excellent visibility & branding potential.
▸ Upgraded condition reduces capex and accelerates ROI.
▸ Large room inventory ideal for tour groups, corporate stays & travel agencies.
▸ Located in Penang’s fastest-growing tourism and commercial corridor.
❈ Disclaimer
Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of the property.
❈ Agent Branding
VIVAHOMES ‘Seamus KOR’ – Malaysia TOP Hotel & Commercial Agent with Most Valuable Listings to share
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FAQs
The unit for sale in George Town, Penang is RM 99,980,000.
No.
George Town, Penang.
The estimated loan repayment amount is RM 429,587 / mo.
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