{"id":777029607,"date":"2025-07-29T08:02:10","date_gmt":"2025-07-29T11:02:10","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777029607"},"modified":"2026-04-21T20:35:55","modified_gmt":"2026-04-21T23:35:55","slug":"sjm-holdings-expands-into-hengqin-with-new-hotel-development","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-holdings-expands-into-hengqin-with-new-hotel-development","title":{"rendered":"SJM Holdings confirms Hengqin hotel plans"},"content":{"rendered":"\n

SJM will pay RMB 724m (US$101.2m) in seven stages.<\/p>\n\n\n\n\n\n\n\n

Macau.- SJM Holdings<\/strong> has announced a strategic acquisition in Hengqin<\/strong>, following a preliminary announcement in December 2024<\/a>. 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.<\/p>\n\n\n\n

SJM will pay RMB 724m (US$101.2m) in seven stages. It said the project would expand the group\u2019s hospitality footprint in the Greater Bay Area, support the integrated development of the Hengqin Guangdong\u2013Macao In-Depth Cooperation Zone and strengthen Hengqin\u2019s role as a driver of Macau\u2019s moderate economic diversification. <\/p>\n\n\n\n

Daisy Ho<\/strong>, chairman of SJM Holdings Limited and managing director of SJM Resorts, said: \u201cThis 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.\u201d <\/p>\n\n\n\n

The property comprises 12 floors<\/strong> 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<\/strong>.<\/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 nearly 15% year-on-year<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

SJM will pay RMB 724m (US$101.2m) in seven stages.<\/p>\n","protected":false},"author":226,"featured_media":777029610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"SJM Holdings is acquiring office properties in Hengqin for RMB 724m (US$101.2m) to convert them into a three-star hotel, expanding its hospitality presence in the Greater Bay Area. This strategic investment aims to support the integrated development of the Hengqin Guangdong\u2013Macao In-Depth Cooperation Zone and contribute to Macau's economic diversification efforts.","focusai_entities":"SJM Holdings, SJM Resorts, Daisy Ho","focusai_location":"Macau, Hengqin, Greater Bay Area, Guangdong\u2013Macao In-Depth Cooperation Zone","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.8), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Hengqin Project ROI","query":"What is the projected return on investment (ROI) and EBITDA contribution from the Hengqin hotel conversion, considering the RMB 724m acquisition cost and 24-month renovation timeline?"},{"label":"Diversification Strategy Impact","query":"How does this hospitality asset acquisition in Hengqin align with SJM Holdings' broader capital allocation strategy for non-gaming diversification, and what are the anticipated synergies with its Macau gaming operations?"}],"footnotes":""},"categories":[157,16338],"tags":[24849,257,6942,24680],"class_list":["post-777029607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-hengqin","tag-macau","tag-sjm","tag-tourism"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777029607","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=777029607"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777029607\/revisions"}],"predecessor-version":[{"id":777029632,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777029607\/revisions\/777029632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777029610"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777029607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777029607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777029607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}