George Town

❈ LOCATION HIGHLIGHTS

▸ Prime location in George Town, Penang, a UNESCO World Heritage tourism and commercial district
▸ Surrounded by Komtar, Penang Times Square, heritage attractions, government offices, hospitals, cafés, hotels and shopping destinations
▸ Close to Penang General Hospital, Prangin Mall, 1st Avenue Mall and major tourism landmarks
▸ Strong catchment from international tourists, business travellers, medical tourists and heritage-city visitors
▸ Approximately 5 mins to Komtar Bus Terminal and 25 mins to Penang International Airport
▸ Growth driven by tourism recovery, heritage-city revitalisation, medical tourism and increasing international arrivals

❈ PROPERTY DETAILS

▸ 7-Storey Corner Hotel
▸ Freehold
▸ Land Area: Approx. 6,000 sf
▸ Built-up: Approx. 30,000 sf (RM250 psf)
▸ Configuration: 46 Guest Rooms (~RM163k per room)

▸ Save up to RM1.5 million renovation cost
▸ Contemporary boutique-hotel ambience featuring spacious lobby, comfortable guestrooms and efficient hospitality layout
▸ Well-positioned to cater for leisure travellers, heritage tourists, business visitors and medical tourism demand

▸ Asking Price: RM7.5 Million

❈ INVESTMENT EDGE

▸ Rare freehold corner hotel within George Town tourism belt
▸ Attractive acquisition at only RM250 psf
▸ Low entry cost of approximately RM163k per room
▸ Ready operational setup with substantial renovation savings
▸ Strategic location benefiting from year-round tourism and commercial activities
▸ Strong long-term appreciation supported by Penang's tourism and hospitality growth

▸ Attractive entry based on freehold tenure, prime George Town location, low RM250 psf acquisition cost and exceptionally attractive cost per key compared to replacement value

❈ DISCLAIMER

Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of the property.