⭐ RM714 psf ⭐ 4 Star Potential ⭐ 21sty Freehold ⭐, George Town
George Town, Penang
Negotiable
RM 99,000,000
10+
Bath
12,800
sqft (land)
RM 7,734.38
psf (land)
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Property details
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About ⭐ RM714 psf ⭐ 4 Star Potential ⭐ 21sty Freehold ⭐
21sty Detached - Freehold - 241 Rooms - Potential to 4-5 Star
❈ Location Highlights
▸ Prime hotel location in the heart of Georgetown, Penang’s UNESCO heritage and major tourist hotspot.
▸ Surrounded by key landmarks including KOMTAR, 1st Avenue Mall, Prangin Mall, Penang General Hospital, government offices, and major tourist attractions.
▸ Located within a mature, high-demand township with strong catchment from families, professionals, business travellers & long-stay tourists
▸ Excellent accessibility to Komtar Bus Terminal (within walking distance) and easy connection to the island’s main routes leading to Penang Bridge, Gurney Drive, & Batu Ferringhi.
▸ Strong growth potential supported by Penang’s booming tourism sector, heritage-driven revitalisation & continuous urban redevelopment in the city centre.
❈ Property Details
▸ Standalone 3-Star Hotel, rising 21 floors, strategically positioned in the core of Georgetown’s commercial & tourism belt.
▸ Total Built-up: Approx. 140,000 sq.ft. (equivalent to RM714 psf).
▸ Configuration: About 241 fully fitted & operational guest rooms (~RM430k per room).
▸ Condition: Tastefully upgraded with modern finishes, allowing buyers to save millions in renovation cost.
▸ Facilities:
– Swimming pool
– Multi-purpose event halls & meeting rooms
– All-day dining restaurant
– Ample car park
– 24-hour reception & lobby lounge
❈ Investment Edge / Advantages
▸ High-demand Georgetown tourist belt – strong occupancy all year round.
▸ Rare, tall standalone property with excellent visibility & branding potential.
▸ Upgraded condition reduces capex and accelerates ROI.
▸ Large room inventory ideal for tour groups, corporate stays & travel agencies.
▸ Located in Penang’s fastest-growing tourism and commercial corridor.
❈ Disclaimer
Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of the property.
❈ Agent Branding
VIVAHOMES ‘Seamus KOR’ – Malaysia TOP Hotel & Commercial Agent with Most Valuable Listings to share
▸ Prime hotel location in the heart of Georgetown, Penang’s UNESCO heritage and major tourist hotspot.
▸ Surrounded by key landmarks including KOMTAR, 1st Avenue Mall, Prangin Mall, Penang General Hospital, government offices, and major tourist attractions.
▸ Located within a mature, high-demand township with strong catchment from families, professionals, business travellers & long-stay tourists
▸ Excellent accessibility to Komtar Bus Terminal (within walking distance) and easy connection to the island’s main routes leading to Penang Bridge, Gurney Drive, & Batu Ferringhi.
▸ Strong growth potential supported by Penang’s booming tourism sector, heritage-driven revitalisation & continuous urban redevelopment in the city centre.
❈ Property Details
▸ Standalone 3-Star Hotel, rising 21 floors, strategically positioned in the core of Georgetown’s commercial & tourism belt.
▸ Total Built-up: Approx. 140,000 sq.ft. (equivalent to RM714 psf).
▸ Configuration: About 241 fully fitted & operational guest rooms (~RM430k per room).
▸ Condition: Tastefully upgraded with modern finishes, allowing buyers to save millions in renovation cost.
▸ Facilities:
– Swimming pool
– Multi-purpose event halls & meeting rooms
– All-day dining restaurant
– Ample car park
– 24-hour reception & lobby lounge
❈ Investment Edge / Advantages
▸ High-demand Georgetown tourist belt – strong occupancy all year round.
▸ Rare, tall standalone property with excellent visibility & branding potential.
▸ Upgraded condition reduces capex and accelerates ROI.
▸ Large room inventory ideal for tour groups, corporate stays & travel agencies.
▸ Located in Penang’s fastest-growing tourism and commercial corridor.
❈ Disclaimer
Content & photos may differ from reality, safeguarding the privacy of owner & tenant. Arrange an in-person viewing for accurate assessment of the property.
❈ Agent Branding
VIVAHOMES ‘Seamus KOR’ – Malaysia TOP Hotel & Commercial Agent with Most Valuable Listings to share
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FAQs
The selling price is RM 99,000,000.
George Town, Penang.
This floor size of this unit is 140,000 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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