⭐ RM772 psf ⭐ 4 Star ⭐ Freehold ⭐ RM381k / Room ⭐, George Town
George Town, Penang
Negotiable
RM 88,000,000
10+
Bath
114,000
sqft (floor)
RM 771.93
psf (floor)
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About ⭐ RM772 psf ⭐ 4 Star ⭐ Freehold ⭐ RM381k / Room ⭐
4 Star - 241 Rooms - RM381k / Room ! RM381k / Room ! RM381k / Room !
❈ 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.
▸ 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.
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FAQs
The selling price is RM 88,000,000.
George Town, Penang.
This floor size of this unit is 114,000 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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