George Town
George Town, Penang
RM 88,000,000
Negotiable
10
Baths
114,000
sqft (floor)
RM 771.93
psf (floor)
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About this property
4 Star - 241 Rooms - RM381k / Room ! RM381k / Room ! RM381k / Room !
❈ LOCATION HIGHLIGHTS
▸ Prime location in George Town, Penang, one of Malaysia's premier tourism, heritage and commercial destinations
▸ Surrounded by UNESCO World Heritage attractions, Komtar, Gurney Drive, 1st Avenue Mall, Prangin Mall, government offices and established hotels
▸ Close to Penang General Hospital, Island Hospital, heritage streets, lifestyle destinations and key tourism landmarks
▸ Strong catchment from international tourists, business travellers, medical tourists, cruise passengers and MICE events
▸ Approximately 5 mins to Komtar Bus Terminal and 25 mins to Penang International Airport
❈ PROPERTY DETAILS
▸ 4-Star Hotel
▸ Freehold
▸ Land Area: Approx. 30,000 sf
▸ Built-up: Approx. 114,000 sf (RM772 psf)
▸ Configuration: 241 Fully Fitted Guest Rooms (~RM381k per room)
▸ Contemporary upscale hotel featuring elegant interiors, spacious lobby, modern guestrooms and professional hospitality setup
▸ Large room inventory provides strong operational scalability and group-booking potential
▸ Facilities & Revenue Generators:
• Ballroom & banquet facilities
• Meeting & conference rooms
• Restaurant & café outlets
• Swimming pool
• Gymnasium
• Event & wedding business
• Corporate functions & MICE activities
• Group tour accommodation
• Long-stay and medical-tourism packages
▸ Asking Price: RM88 Million
❈ INVESTMENT EDGE
▸ Rare freehold hospitality asset within George Town tourism belt
▸ Attractive acquisition at only ~RM365k per room
▸ Strategic location benefiting from year-round tourism, business and medical-travel demand
▸ Strong replacement-cost advantage compared to developing a new hotel today
▸ Attractive entry based on freehold tenure, prime George Town location, 241-room scale, diversified revenue streams and low acquisition cost per key
❈ DISCLAIMER
Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of the property.
▸ Prime location in George Town, Penang, one of Malaysia's premier tourism, heritage and commercial destinations
▸ Surrounded by UNESCO World Heritage attractions, Komtar, Gurney Drive, 1st Avenue Mall, Prangin Mall, government offices and established hotels
▸ Close to Penang General Hospital, Island Hospital, heritage streets, lifestyle destinations and key tourism landmarks
▸ Strong catchment from international tourists, business travellers, medical tourists, cruise passengers and MICE events
▸ Approximately 5 mins to Komtar Bus Terminal and 25 mins to Penang International Airport
❈ PROPERTY DETAILS
▸ 4-Star Hotel
▸ Freehold
▸ Land Area: Approx. 30,000 sf
▸ Built-up: Approx. 114,000 sf (RM772 psf)
▸ Configuration: 241 Fully Fitted Guest Rooms (~RM381k per room)
▸ Contemporary upscale hotel featuring elegant interiors, spacious lobby, modern guestrooms and professional hospitality setup
▸ Large room inventory provides strong operational scalability and group-booking potential
▸ Facilities & Revenue Generators:
• Ballroom & banquet facilities
• Meeting & conference rooms
• Restaurant & café outlets
• Swimming pool
• Gymnasium
• Event & wedding business
• Corporate functions & MICE activities
• Group tour accommodation
• Long-stay and medical-tourism packages
▸ Asking Price: RM88 Million
❈ INVESTMENT EDGE
▸ Rare freehold hospitality asset within George Town tourism belt
▸ Attractive acquisition at only ~RM365k per room
▸ Strategic location benefiting from year-round tourism, business and medical-travel demand
▸ Strong replacement-cost advantage compared to developing a new hotel today
▸ Attractive entry based on freehold tenure, prime George Town location, 241-room scale, diversified revenue streams and low acquisition cost per key
❈ DISCLAIMER
Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of the property.
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The unit for sale in George Town, Penang is RM 88,000,000.
No.
George Town, Penang.
The estimated loan repayment amount is RM 378,112 / mo.
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