The 13 Hotel buyer to invest up to US$38m in renovations
The venue was sold for US$76m.
Macau.- Real estate consultancy Jones Lang LaSalle (JLL) has confirmed the sale of The 13 Hotel in Seac Pai Van, Coloane. After several failed attempts, the venue was sold for HK$600m (US$76.4m), higher than the HK$400m (US$51m) price tag that was 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.
