【 RM328 psf 】21sty【 Freehold 】533 Car Park Bay【 241 Rooms 】4 Star Spec

George Town, Penang

RM 160,000,000

Negotiable

Baths

10

Baths

sqft (floor)

487,311

sqft (floor)

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RM 328.33

psf (floor)


1.2 km (15 mins) from Komtar


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Photos

map

Map View

Property details

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Hotel / Resort for sale
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Partially fitted
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Freehold tenure
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Listed on 30 Aug 2026
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Listing ID - 502001723
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487,311 sqft floor area

About this property

RM1000 Per Room 21 Storey 241 Rooms 533 Car Park 4 Star Spec

❈ KEY LOCATION FEATURES

▸ Strategic position within the Transfer Road–George Town tourism corridor
▸ Close to Komtar, Penang Road and the UNESCO World Heritage zone
▸ Encircled by tourist attractions, hospitals, offices, retail and established F&B
▸ Robust catchment from tourists, corporate guests and medical travellers
▸ Convenient access to Gurney Drive, Macalister Road and major city destinations

❈ PROPERTY DETAILS

▸ Brand-New Detached Hotel for Rent
▸ Approx. 21 Storeys
▸ Land Area: Approx. 34,154 sf
▸ Built-up: Approx. 487,311 sf
▸ Configuration: Approx. 241 guestrooms
▸ Building structure and major construction works completed
▸ Interior furnishing and fit-out required by incoming operator
▸ 7 Lifts
▸ Parking: Approx. 533 Cars + 831 Motorcycles
▸ Owner Rental: RM240,000/month
▸ Equivalent to approximately RM1,000 per room/month

❈ HOTEL FACILITIES POTENTIAL

▸ Suitable spaces for reception lobby, restaurant, café and function areas
▸ Potential for ballroom, meeting rooms, gym and guest amenities
▸ Large parking capacity supports hotel, MICE and event operations

❈ BUSINESS EDGE

▸ Rare opportunity to introduce a new hotel brand without undertaking structural construction
▸ Unfurnished interiors allow complete design, branding and room-specification control
▸ Large room inventory supports leisure, corporate, medical and group demand
▸ Extensive parking provides a major advantage within central George Town
▸ Suitable for international hotel groups, regional operators and hospitality investors

BRAND NEW • 241 ROOMS • 7 LIFTS • 533 CAR PARKS • RM240K/MONTH

Hotel identity, exact location, storeys and room count have been adjusted to safeguard owner privacy. The incoming operator is responsible for interior furnishing and fit-out. Rental, completion status, facilities and property details are subject to due diligence and verification.
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FAQs

The unit for sale in George Town, Penang is RM 160,000,000.
No.
George Town, Penang.
The estimated loan repayment amount is RM 687,478 / mo.