Handover process of The 13 Hotel is underway
The new owner reportedly plans to invest HK$200m to HK$300m (US$25m to US$38m) in interior and exterior renovations.
Macau.- The head of the Macau Government Tourism Office (MGTO), Maria Helena de Senna Fernandes, said that the final phase of the ownership handover process of The 13 Hotel in Seac Pai Van, Coloane, is in progress.
“The new operator is currently handling the handover process and there are plans to introduce new partners and restaurants,” Senna Fernandes said. “As far as I know, they have many new plans. We all hope to implement their new plans one by one and make better use of the hotel.”
She noted that the licensing department had already discussed some proposals with the new owner, including possible modifications to restaurants, as well as the launch of additional dining premises.
Last month, real estate consultancy Jones Lang LaSalle (JLL) confirmed the HK$600m (US$76.4m) sale. The price was higher than the HK$400m (US$51m) price tag previously reported but well below the asking price of HK$2.4bn (US$309.2m) proposed last year.
The new owner, identified only as a “local buyer” reportedly plans to invest HK$200m to HK$300m (US$25m to US$38m) in interior and exterior renovations. Mark Wong, senior director for value and risk advisory at JLL Macau, told Macau News Agency that the property will remain a hotel.
The troubled luxury hotel opened in 2018 with 196 guest rooms ranging from 1,800 to 5,000 square feet as well as three villa-style suites, restaurants, a spa, gym and a car park. It immediately faced setbacks when it failed to gain a gaming licence.
The hotel halted operations in February 2020 amid the Covid-19 pandemic. It partially reopened last July after receiving a renewed five-star deluxe hotel licence from the Macau Government Tourism Office (MGTO), which has since been extended to the end of 2025. Parent company, South Shore, declared bankruptcy and was delisted from the Hong Kong Stock Exchange in 2023.
