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Sunway Hotel Georgetown

YOUR PREFERRED CHOICE IN PENANG

Sunway Hotel Georgetown is a 250-room four-star hotel at the heart of Georgetown, Penang, a renowned UNESCO World Heritage site where old world charm meets modernity. Located just 30 minutes from Penang International Airport and 20 minutes from the iconic Penang Bridge and Ferry Terminal, the hotel caters to corporate and leisure travellers, offering convenient access to a confluence of tourist attractions and commercial districts which are within walking distance from the hotel.

Sunway Hotel Georgetown’s choice of comfortable and spacious accommodation includes Deluxe, Family Rooms and Suites with commanding views of the city and island skyline, especially for guests in Premier Rooms and Suites at the uppermost floors of the hotel. After a long day of sightseeing, guests can also unwind at the outdoor swimming pool and jacuzzi, or work out at the 24-hour fitness centre after an enjoyable night of local street food.

* All information as at 31 December 2021 unless otherwise stated.

Date of Acquisition

28 January 2015

Acquisition price

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Appraised Value

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Average Value per Room

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Master Lease Details

Master Lessee

Sunway Biz Hotel Sdn Bhd

Total Rent

The higher of variable rent or guaranteed rent. Variable rent comprises base rent of 20% of revenue plus 70% of GOP less master lease expenses. Guaranteed rent in respect of Sunway Hotel Georgetown consists of RM4.4 million for Year 1 and Year 2 and RM3.4 million each year for the remaining 10-year term.

Duration

10 years from 28 January 2015 with an option to renew for another 10 years

33, New Lane (Off Macalister Road), Georgetown,
10400 Penang, Malaysia

+604 228 8899

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