{"id":777028314,"date":"2025-06-26T08:03:09","date_gmt":"2025-06-26T11:03:09","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777028314"},"modified":"2026-04-21T21:33:12","modified_gmt":"2026-04-22T00:33:12","slug":"the-13-hotel-buyer-to-invest-us25m-for-makeover","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/the-13-hotel-buyer-to-invest-us25m-for-makeover","title":{"rendered":"The 13 Hotel buyer to invest up to US$38m in renovations"},"content":{"rendered":"\n

The venue was sold for US$76m.<\/p>\n\n\n\n\n\n\n\n

Macau.- Real estate consultancy Jones Lang LaSalle (JLL)<\/strong> has confirmed the sale of The 13 Hotel<\/strong> 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<\/a> that was previously reported but well below the asking price of HK$2.4bn (US$309.2m) proposed last year. <\/p>\n\n\n\n

The new owner, identified only as a \u201clocal buyer\u201d reportedly plans to invest HK$200m to HK$300m (US$25m to US$38m)<\/strong> in interior and exterior renovations. Mark Wong<\/strong>, senior director for value and risk advisory at JLL Macau, told Macau News Agency that the property will remain a hotel.<\/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\u00a0partially 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. Parent company, South Shore, declared bankruptcy and was\u00a0delisted from the Hong Kong Stock Exchange in 2023<\/a>.
<\/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> The 13 Hotel in Macau reportedly sold<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The venue was sold for US$76m.<\/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 been sold for HK$600m (US$76.4m) to a local buyer, significantly below its initial asking price. The new owner plans a HK$200m-HK$300m renovation, with the property remaining a hotel, despite its troubled history including a failure to secure a gaming license and the bankruptcy of its parent company, South Shore.","focusai_entities":"Jones Lang LaSalle (JLL), The 13 Hotel, South Shore, Macau Government Tourism Office (MGTO), Mark Wong","focusai_location":"Macau, Coloane, Seac Pai Van, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Asset Valuation Impact?","query":"What are the implications of this distressed asset sale for the valuation of other non-gaming hospitality assets and integrated resorts in Macau's capital markets?"},{"label":"Gaming License Prospects?","query":"Given The 13 Hotel's historical failure to secure a gaming license, what is the likelihood of the new owner pursuing a gaming concession, and what regulatory hurdles would they face under current governance frameworks?"}],"footnotes":""},"categories":[157,16338],"tags":[29,24619,257],"class_list":["post-777028314","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\/777028314","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=777028314"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028314\/revisions"}],"predecessor-version":[{"id":777028350,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028314\/revisions\/777028350"}],"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=777028314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777028314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777028314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}