Georgetown, Penang

Rare opportunity to acquire a standalone FREEHOLD hotel building in the heart of Georgetown’s tourism belt.

Strategically located along Jalan Argyll, surrounded by hotels, cafés, heritage attractions, and tourist hotspots — this property offers strong potential for refurbishment and repositioning into a boutique hotel, co-living concept, wellness retreat, or hospitality investment asset.

Property Details:
📍 Land Area: 9,623 sq ft (Freehold)
📐 Built-up: Approx. 38,000 sq ft
🛏️ 52 Guest Rooms (All with attached bathrooms)
📦 12 Storerooms
🛗 Lift available
🏢 Existing hotel infrastructure in place

Layout:
🚗 Ground Floor • Lobby & Covered Car Park
💼 Mezzanine Floor • Office Space
🛌 1st – 4th Floor • Guest Rooms
🍽️ 5th Floor • Kitchen, Café & Rooftop Garden
⚙️ 6th Floor • Lift Motor Room, Water Heaters & Water Tanks

Highlights:
✔ Prime Georgetown location
✔ Freehold standalone building
✔ Suitable for refurbishment & value-add investment
✔ Existing hotel layout and facilities
✔ Rooftop garden potential
✔ Strong tourism and hospitality demand area
✔ Ideal for boutique hotel repositioning

The property has been non-operational for some time and requires refurbishment, presenting an excellent opportunity for investors or operators to unlock its full potential and create a refreshed hospitality concept in one of Penang’s most sought-after locations.

💰 Asking Price: RM 22.5 Million

📞 YingYing (PEA 1938)
📱 +6˖018˖240˖1188

‧‧‧ Viewing is highly recommended to truly appreciate this hotel offers ‧‧‧