George Town
George Town, Penang
RM 110,000,000
10
Baths
254,000
sqft (floor)
RM 433.07
psf (floor)
Photos
Map View
Property details
 |  |
 |  |
 | |
About this property
4-Star - RM432psf - RM615k / roomkey - Ideal Spot!
❈ LOCATION HIGHLIGHTS
▸ Prime spot in George Town, Penang, one of Malaysia's leading tourism, heritage, and commercial hubs
▸ Enveloped by UNESCO World Heritage sites, Komtar, Penang Cruise Terminal, government offices, financial institutions, and luxury hotels
▸ In proximity to 1st Avenue Mall, Prangin Mall, Penang General Hospital, heritage streets, and lifestyle venues
▸ Robust demand from international tourists, business travelers, medical tourists, cruise visitors, and MICE events
▸ Roughly 5 mins to Komtar Bus Terminal and 25 mins to Penang International Airport
❈ PROPERTY DETAILS
▸ 8-Storey Detached 4-Star Hotel
▸ Freehold
▸ Land Area: Approx. 100,000 sf
▸ Built-up: Approx. 254,000 sf (RM432 psf)
▸ Configuration: 189 Fully Fitted Guest Rooms (~RM615k per room)
▸ Stylish colonial-inspired architecture fused with contemporary hospitality design
▸ Grand lobby, spacious guest rooms, and top-notch guest amenities providing a refined heritage-hotel ambiance
▸ Facilities & Revenue Generators:
• Ballroom & banquet halls
• Meeting & conference facilities
• All-day dining restaurant
• Specialty F&B outlets
• Swimming pool
• Gymnasium & wellness facilities
• Wedding & event business
• Corporate functions & MICE activities
• Tour group and long-stay accommodation programs
▸ Asking Price: RM110 Million
❈ INVESTMENT EDGE
▸ Unique freehold 4-star hospitality asset within George Town's tourism zone
▸ Attractive acquisition at merely RM432 psf
▸ Strategic location reaping benefits from consistent tourism and business demand
▸ Strong long-term appreciation driven by Penang's expanding tourism and hospitality sector
▸ Compelling entry based on freehold status, prestigious George Town location, 189-room size, diversified revenue streams, and replacement-cost advantage at only RM432 psf
❈ DISCLAIMER
Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of the pro
▸ Prime spot in George Town, Penang, one of Malaysia's leading tourism, heritage, and commercial hubs
▸ Enveloped by UNESCO World Heritage sites, Komtar, Penang Cruise Terminal, government offices, financial institutions, and luxury hotels
▸ In proximity to 1st Avenue Mall, Prangin Mall, Penang General Hospital, heritage streets, and lifestyle venues
▸ Robust demand from international tourists, business travelers, medical tourists, cruise visitors, and MICE events
▸ Roughly 5 mins to Komtar Bus Terminal and 25 mins to Penang International Airport
❈ PROPERTY DETAILS
▸ 8-Storey Detached 4-Star Hotel
▸ Freehold
▸ Land Area: Approx. 100,000 sf
▸ Built-up: Approx. 254,000 sf (RM432 psf)
▸ Configuration: 189 Fully Fitted Guest Rooms (~RM615k per room)
▸ Stylish colonial-inspired architecture fused with contemporary hospitality design
▸ Grand lobby, spacious guest rooms, and top-notch guest amenities providing a refined heritage-hotel ambiance
▸ Facilities & Revenue Generators:
• Ballroom & banquet halls
• Meeting & conference facilities
• All-day dining restaurant
• Specialty F&B outlets
• Swimming pool
• Gymnasium & wellness facilities
• Wedding & event business
• Corporate functions & MICE activities
• Tour group and long-stay accommodation programs
▸ Asking Price: RM110 Million
❈ INVESTMENT EDGE
▸ Unique freehold 4-star hospitality asset within George Town's tourism zone
▸ Attractive acquisition at merely RM432 psf
▸ Strategic location reaping benefits from consistent tourism and business demand
▸ Strong long-term appreciation driven by Penang's expanding tourism and hospitality sector
▸ Compelling entry based on freehold status, prestigious George Town location, 189-room size, diversified revenue streams, and replacement-cost advantage at only RM432 psf
❈ DISCLAIMER
Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of the pro
Estimated mortgage
Mortgage breakdown
Est. monthly repayment
RM 0 / mo
RM 0 Principal
RM 0 Interest
Upfront costs
Total downpayment
RM 0
Downpayment
RM 0 Loan amount at 0% Loan-to-value
View Phone Number
Send Enquiry
FAQs
The unit for sale in George Town, Penang is RM 110,000,000.
No.
George Town, Penang.
The estimated loan repayment amount is RM 472,641 / mo.
Explore other options in and around George Town
Based on the property criteria, you might be interested in the following
Hotel / Resort for Sale
Nearest Public Transport
Nearest Schools
View Phone Number
Send Enquiry