⭐ RM432 psf ⭐ 4 Star ⭐ Freehold ⭐ 254,000sf ⭐, George Town
George Town, Penang
RM 110,000,000
10+
Bath
254,000
sqft (floor)
RM 433.07
psf (floor)
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About ⭐ RM432 psf ⭐ 4 Star ⭐ Freehold ⭐ 254,000sf ⭐
4 Star - RM432psf - RM615k / roomkey - Grade A Inventory - Prime Area!
❈ LOCATION HIGHLIGHTS
▸ Prime location in George Town, Penang, one of Malaysia's most established tourism, heritage and commercial destinations
▸ Surrounded by UNESCO World Heritage attractions, Komtar, Penang Cruise Terminal, government offices, financial institutions and premium hotels
▸ Close to 1st Avenue Mall, Prangin Mall, Penang General Hospital, heritage streets and lifestyle destinations
▸ 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
▸ 8-Storey Detached 4-Star Hotel
▸ Freehold
▸ Land Area: Approx. 100,000 sf
▸ Built-up: Approx. 254,000 sf (RM432 psf)
▸ Configuration: 189 Fully Fitted Guest Rooms (~RM615k per room)
▸ Elegant colonial-inspired architecture blended with modern hospitality design
▸ Grand lobby, spacious guestrooms and premium guest facilities creating a refined heritage-hotel experience
▸ Facilities & Revenue Generators:
• Ballroom & banquet halls
• Meeting & conference facilities
• All-day dining restaurant
• Specialty F&B outlets
• Swimming pool
• Gymnasium & wellness facilities
• Wedding & event business
• Corporate functions & MICE activities
• Tour group and long-stay accommodation programmes
▸ Asking Price: RM110 Million
❈ INVESTMENT EDGE
▸ Rare freehold 4-star hospitality asset within George Town's tourism belt
▸ Attractive acquisition at only RM432 psf
▸ Strategic location benefiting from year-round tourism and business demand
▸ Strong long-term appreciation supported by Penang's growing tourism and hospitality sector
▸ Attractive entry based on freehold tenure, prestigious George Town location, 189-room scale, diversified revenue streams and replacement-cost advantage at only RM432 psf
❈ DISCLAIMER
Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of the pro
▸ Prime location in George Town, Penang, one of Malaysia's most established tourism, heritage and commercial destinations
▸ Surrounded by UNESCO World Heritage attractions, Komtar, Penang Cruise Terminal, government offices, financial institutions and premium hotels
▸ Close to 1st Avenue Mall, Prangin Mall, Penang General Hospital, heritage streets and lifestyle destinations
▸ 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
▸ 8-Storey Detached 4-Star Hotel
▸ Freehold
▸ Land Area: Approx. 100,000 sf
▸ Built-up: Approx. 254,000 sf (RM432 psf)
▸ Configuration: 189 Fully Fitted Guest Rooms (~RM615k per room)
▸ Elegant colonial-inspired architecture blended with modern hospitality design
▸ Grand lobby, spacious guestrooms and premium guest facilities creating a refined heritage-hotel experience
▸ Facilities & Revenue Generators:
• Ballroom & banquet halls
• Meeting & conference facilities
• All-day dining restaurant
• Specialty F&B outlets
• Swimming pool
• Gymnasium & wellness facilities
• Wedding & event business
• Corporate functions & MICE activities
• Tour group and long-stay accommodation programmes
▸ Asking Price: RM110 Million
❈ INVESTMENT EDGE
▸ Rare freehold 4-star hospitality asset within George Town's tourism belt
▸ Attractive acquisition at only RM432 psf
▸ Strategic location benefiting from year-round tourism and business demand
▸ Strong long-term appreciation supported by Penang's growing tourism and hospitality sector
▸ Attractive entry based on freehold tenure, prestigious George Town location, 189-room scale, diversified revenue streams and replacement-cost advantage at only RM432 psf
❈ DISCLAIMER
Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of the pro
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FAQs
The selling price is RM 110,000,000.
George Town, Penang.
This floor size of this unit is 254,000 sqft.
Freehold.
You can estimate your monthly home loan repayment based on the property price, loan amount, interest rate, and financing tenure. To get a better idea of affordability, use the iProperty Mortgage Calculator here.
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