27/9/2017-7

The new site to take the Excelsior Hotel call Gao Chuan in the price of about 30 billion new hotel record

Oriental International Group to sell Causeway Bay Excelsior Hotel has made new progress, the previous owners of the East China Oriental confirmed to receive a number of consortium to buy the intention of yesterday, the new (0016) Deputy Managing Director Thunder first responded that the Group has entered the bid East Hotel, and said the main business is now the main reply, Mandarin Oriental, said no comment on market news. Market estimates, the new title to catch the call is very high, the city in the price of up to 30 billion yuan. Ming Pao reporter Gan Jieying

On the market estimated hotel price of up to 30 billion yuan, Thunder said no comments, will not disclose the group into the price. However, once the Excelsior hotel to implement the 30 billion yuan to build, to rebuild the building can be built 684,000 square feet of floor space, each square foot floor price of more than 40,000 yuan to 884 hotel room, that is, an average of each The price of up to 33.94 million yuan, regardless of the total price and price per room, have hit a record high hotel in Hong Kong.

Thunder: has been the subject of the auction pending reply

The new building in the Causeway Bay area only holds the World Trade Center, the total floor area of ​​about 434,000 square feet, if the successful purchase of Excelsior Hotel, the new land in the area can be developed on the floor will be up to 1.188 million square feet, Become Hong Kong Island rare coastal commercial projects. The largest number of developers in the district is still interested in the construction and development of Hokkaido (0014), the single Lee Lee Plaza, Lee Stage Plaza, Leighton Center, Hutchison Square and Xinning Mansion Of the floor more than 400 million square feet, worthy of the name “Causeway Bay Landlord”.

The Excavation Plan for Excelsior Hotel began in February 2015. The hotel was approved by the Buildings Department to rebuild a 26-storey commercial building above the 4-storey ground floor with a total floor area of ​​approximately 684,019 sq ft. The hotel spokesman said that the Excelsior There is a good return and cash flow, there is no immediate reconstruction plan. Although the Excelsior hotel denied the sale or reconstruction, but earlier this year the market news has been said, Excelsior Hotel has been selling to the dark dish. Wenhua Oriental also announced in June this year, due to the current high valuation of commercial properties in Hong Kong, decided to test the market for the possible sale of Excelsior hotel response, and confirmed this month to receive a number of consortium intention to buy, but there is no finalization, That time to make a timely release.

And the neighboring world trade center with synergies

The Excelsior Hotel in Causeway Bay for nearly half a century is the only hotel in Mandarin Oriental that does not have a “Mandarin Oriental” brand. The hotel opened in 1973 and is a four-star hotel offering 863 guest rooms and 21 suites. Most of the rooms are available in Harbor View and renovated in 2005.

$ 357 million acquisition of Wellington Street property

According to the Land Registry, 37 units at 2 / F, 1 / F, Tsang Wo House, 160 Wellington Street, Central, were acquired by the consortium for about $ 357 million. The transaction price was $ 6,177,000 to $ 64.13 million Yuan, due to the buyer to register overseas companies, it failed to confirm identity. However, the data show that the ground floor and the first floor, that is, the old restaurant restaurant lotus floor rented shop, in 2015 by the capital strategy (0497) Chairman Zhong Chuyi or related people to about 153 million yuan to buy, so do not rule out this The purchaser is also a related person.