⭐ RM772 psf ⭐ 4 Star ⭐ Freehold ⭐ RM381k / Room ⭐, George Town

❈ 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.