# Georgetown New Hotel, 239 Rooms, George Town
| PROPERTY OVERVIEW | |
| ----------------------- | -------------------------------------------- |
| **Title** | Georgetown New Hotel, 239 Rooms, George Town |
| **Address** | George Town, Penang |
| **Price** | RM 160,000,000 |
| **Is Verified Listing** | No |
| **Bath** | 10+ |
| **sqft (floor)** | 487,311 |
| **psf (floor)** | RM 328.33 |
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- **sale-500691478**
## Media Gallery
Photos
- [](https://ipp1-cdn.pgimgs.com/listing/500691478/UPHO.284281738.V800/Georgetown-New-Hotel-239-Rooms-George-Town-Malaysia.jpg "Hotel / Resort for Sale in George Town, Penang by Allen Yeoh - Exterior - iProperty.com.my")
- [](https://ipp1-cdn.pgimgs.com/listing/500691478/UPHO.284097924.V800/Georgetown-New-Hotel-239-Rooms-George-Town-Malaysia.jpg "Hotel / Resort for Sale in George Town, Penang by Allen Yeoh - Exterior - iProperty.com.my")
- [](https://ipp1-cdn.pgimgs.com/listing/500691478/UPHO.284097931.V800/Georgetown-New-Hotel-239-Rooms-George-Town-Malaysia.jpg "Hotel / Resort for Sale in George Town, Penang by Allen Yeoh - Interior - iProperty.com.my")
- [](https://ipp1-cdn.pgimgs.com/listing/500691478/UPHO.284097925.V800/Georgetown-New-Hotel-239-Rooms-George-Town-Malaysia.jpg "Hotel / Resort for Sale in George Town, Penang by Allen Yeoh - Interior - iProperty.com.my")
- [](https://ipp1-cdn.pgimgs.com/listing/500691478/UPHO.284097927.V800/Georgetown-New-Hotel-239-Rooms-George-Town-Malaysia.jpg "Hotel / Resort for Sale in George Town, Penang by Allen Yeoh - Interior - iProperty.com.my")
- [](https://ipp1-cdn.pgimgs.com/listing/500691478/UPHO.284097926.V800/Georgetown-New-Hotel-239-Rooms-George-Town-Malaysia.jpg "Hotel / Resort for Sale in George Town, Penang by Allen Yeoh - Interior - iProperty.com.my")
- [](https://ipp1-cdn.pgimgs.com/listing/500691478/UPHO.284097930.V800/Georgetown-New-Hotel-239-Rooms-George-Town-Malaysia.jpg "Hotel / Resort for Sale in George Town, Penang by Allen Yeoh - Bathroom - iProperty.com.my")
- [](https://ipp1-cdn.pgimgs.com/listing/500691478/UPHO.284097929.V800/Georgetown-New-Hotel-239-Rooms-George-Town-Malaysia.jpg "Hotel / Resort for Sale in George Town, Penang by Allen Yeoh - Corridor - iProperty.com.my")
---
## Property details
- Hotel / Resort for sale
- Bare
- Freehold tenure
- Listed on 17 May 2026
- Listing ID - 500691478
- 487,311 sqft floor area
- 34,154 sqft land area
- RM 328.33 psf (floor)
- RM 4,684.66 psf (land)
- Not tenanted
- Strata title
- Not Bumi Lot
- 10 parking lots
## About Georgetown New Hotel, 239 Rooms
> Property Available for Acquisition on Jalan Transfer, Penang
Hotel @ Jalan Transfer, Penang
* Bare Unit
* 487311sqft
* 239 Rooms
* 533 Car Park
* Selling @ RM160mil
Jalan Transfer is located in the heart of George Town, Penang’s bustling urban center close to Komtar and the heritage area. This segment of the city merges older commercial structures, shophouses, small enterprises, and an increasing number of hotels and serviced apartments, all within a short walking distance to food streets, offices, and cultural sites. It offers a strategic location for both tourists and business travelers, benefiting from consistent tourist influx in the UNESCO World Heritage Site of George Town.
For visitings and more info
Allen
Facebook Page for more property info & updates
Allen Yeoh - Real Estate Development & Investment
## Property Agent
- **Name**: Allen Yeoh
- **Agency**: IQI REALTY SDN. BHD. [ E (1) 1584/3 ]
- **Profile**: [https://www.iproperty.com.my/property-agent/allen-yeoh-433084/#Agent-RightSideProfile](https://www.iproperty.com.my/property-agent/allen-yeoh-433084/#Agent-RightSideProfile)
- **Ways to enquire**: Whatsapp, Phone, Email
## FAQs
#### What is the asking price for this unit?
The selling price is RM 160,000,000.
#### Where is the unit located?
George Town, Penang.
#### How big is this unit?
This floor size of this unit is 487,311 sqft.
#### Is the property freehold or leasehold?
Freehold.
#### How do I know if I'm eligible for home loan?
Our LoanCare service can help you increase your chances of home loan approval.
## Explore other options in and around George Town
Based on the property criteria, you might be interested in the following
#### Hotel / Resort for Sale
- [In George Town](https://www.iproperty.com.my/hotel-resort-for-sale/in-george-town-ju7lu "In George Town")
- [In Penang](https://www.iproperty.com.my/hotel-resort-for-sale/in-penang-5qvq6 "In Penang")
- [Over 50M RM](https://www.iproperty.com.my/hotel-resort-for-sale/in-george-town-ju7lu/priced-over-50m-rm "Over 50M RM")
- [Above 10,000 sqft](https://www.iproperty.com.my/hotel-resort-for-sale/in-george-town-ju7lu/above-10000-sqft "Above 10,000 sqft")
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