SJM Holdings confirms Hengqin hotel plans
SJM will pay RMB 724m (US$101.2m) in seven stages.
Macau.- SJM Holdings has announced a strategic acquisition in Hengqin, following a preliminary announcement in December 2024. The group has entered into an agreement to acquire office properties, which will be converted into a three-star hotel. The site, located next to the Hengqin Port, will become part of a lifestyle complex featuring residential, retail and office facilities.
SJM will pay RMB 724m (US$101.2m) in seven stages. It said the project would expand the group’s hospitality footprint in the Greater Bay Area, support the integrated development of the Hengqin Guangdong–Macao In-Depth Cooperation Zone and strengthen Hengqin’s role as a driver of Macau’s moderate economic diversification.
Daisy Ho, chairman of SJM Holdings Limited and managing director of SJM Resorts, said: “This project represents more than an expansion of our hotel portfolio. It reflects our strong alignment with national strategies to deepen integration between Hengqin and Macau, and our firm belief in the long-term growth potential of cross-border tourism and cooperation.”
The property comprises 12 floors of strata-title office units and a retail unit,with a gross floor area of 19,781 square metres. Conversion and renovation works are expected to be completed within 24 months.
