\u201cThe new operator is currently handling the handover process and there are plans to introduce new partners and restaurants,\u201d Senna Fernandes said. \u201cAs far as I know, they have many new plans. We all hope to implement their new plans one by one and make better use of the hotel.\u201d\u00a0<\/p>\n\n\n\n
She noted that the licensing department had already discussed some proposals with the new owner, including possible modifications to restaurants<\/strong>, as well as the launch of additional dining premises.<\/p>\n\n\n\n Last month,\u00a0real estate consultancy\u00a0Jones Lang LaSalle (JLL)<\/strong> confirmed the HK$600m (US$76.4m) sale. The price was higher than the\u00a0HK$400m (US$51m) price tag<\/a>\u00a0previously 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 partially reopened<\/a> 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<\/a>.<\/p>\n\n\n\n
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