{"id":777028229,"date":"2025-06-24T08:34:08","date_gmt":"2025-06-24T11:34:08","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777028229"},"modified":"2026-04-21T21:37:11","modified_gmt":"2026-04-22T00:37:11","slug":"macaus-the-13-hotel-reportedly-sold","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macaus-the-13-hotel-reportedly-sold","title":{"rendered":"The 13 Hotel in Macau reportedly sold"},"content":{"rendered":"\n

The reported price is over 80 per cent less than the original estimate.<\/p>\n\n\n\n\n\n\n\n

Macau.- The 13 Hotel in Seac Pai Van, Coloane, has reportedly been sold after several failed attempts<\/a>. The identity of the buyer and details of the purchase have yet to be disclosed due to a non-disclosure agreement.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

The hotel halted operations in February 2020 amid the Covid-19 pandemic. It partially reopened<\/a>\u00a0last 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.<\/p>\n\n\n\n

Parent company, South Shore, declared bankruptcy and was\u00a0delisted from the Hong Kong Stock Exchange in 2023<\/a>.<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n\n\n\n


<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Macau visitor arrivals up 25% year-on-year in May<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The reported price is over 80 per cent less than the original estimate.<\/p>\n","protected":false},"author":226,"featured_media":777025504,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The 13 Hotel in Macau has reportedly been sold for HK$400m (US$51m), an 83% reduction from its initial HK$2.4bn valuation. This distressed asset sale follows the hotel's operational challenges, including its failure to secure a gaming license and the bankruptcy of its parent company, South Shore. The buyer's identity remains undisclosed due to a non-disclosure agreement.","focusai_entities":"The 13 Hotel, Allin Media, South Shore, Macau Government Tourism Office, Hong Kong Stock Exchange","focusai_location":"Macau, Hong Kong, Coloane, Seac Pai Van","focusai_target_profile":"ceo_executive (0.9), regulator (0.85), compliance_legal (0.75), operator_casino (0.8), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Buyer's Strategic Intent","query":"What are the strategic implications for the Macau hospitality market, particularly concerning potential gaming vertical integration, given the undisclosed buyer and the asset's history of failing to secure a gaming license?"},{"label":"Valuation Discrepancy Analysis","query":"Beyond the immediate distressed sale, what broader capital market factors and regional economic conditions contributed to the 83% valuation discrepancy from the original estimate for a luxury asset in Macau?"}],"footnotes":""},"categories":[157,16338],"tags":[29,24619,257],"class_list":["post-777028229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-casino","tag-finance","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777028229"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028229\/revisions"}],"predecessor-version":[{"id":777028239,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028229\/revisions\/777028239"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777025504"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777028229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777028229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777028229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}