【 4 Star 】Freehold【 240 rooms 】RM300k / Room Key【 RM799 psf 】, George Town

❈ LOCATION HIGHLIGHTS

▸ Prime location in Georgetown, Penang, within the prestigious Tanjung Tokong–Tanjung Bungah tourism and lifestyle corridor
▸ Surrounded by Gurney Drive, Gurney Plaza, Gurney Paragon, Straits Quay, Penang Adventist Hospital, Island Hospital, luxury residences and international schools
▸ Strong catchment from international tourists, business travellers, medical tourists, expatriates and affluent local residents
▸ Growth supported by expanding medical tourism, premium residential developments and sustained demand for Penang hospitality assets

❈ PROPERTY DETAILS

▸ 4-Star Hotel For Sale
▸ Freehold
▸ Land Area: Approx. 90,000 sf
▸ Built-up: Approx. 202,800 sf
▸ Exceptional value at only RM799 psf, offering a compelling discount compared with replacement cost and many comparable freehold hospitality assets
▸ Configuration: 240 Fully Fitted Guest Rooms (~RM300k per room)

▸ Contemporary hotel with spacious lobby, well-appointed guestrooms and efficient operational layout designed for leisure, corporate and group travellers
▸ Large-scale hospitality asset with excellent branding, event and value-add potential

▸ Asking Price: RM72 Million Only

❈ INVESTMENT EDGE

▸ Attractive acquisition at only ~RM300k per room for a freehold 4-star hotel
▸ Rare large-scale hospitality asset in Penang's premier tourism corridor
▸ Excellent potential for repositioning, international branding and operational enhancement
▸ Strong long-term upside driven by tourism, medical travel and premium coastal developments
▸ Suitable for hotel operators, hospitality groups, REITs, institutional investors and family offices

▸ Attractive entry based on RM799 psf, only ~RM300k per room, freehold tenure, sizeable landholding and strategic location within Penang's high-growth tourism market

❈ DISCLAIMER

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