The 13 Hotel in Macau reportedly sold
The reported price is over 80 per cent less than the original estimate.
Macau.- The 13 Hotel in Seac Pai Van, Coloane, has reportedly been sold after several failed attempts. The identity of the buyer and details of the purchase have yet to be disclosed due to a non-disclosure agreement.
Hong Kong-based Allin Media reports that the price paid was HK$400m (US$51m). That would be 83 per cent under the HK$2.4bn (US$307m) estimate when the property was first put up for auction in March 2024.
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.
