The social events in Hong Kong in recent months have severely hit the tourism and hotel industries
However, the senior investor of the “Popular King” Deng Chengbo’s Shengyu Group is still actively expanding its hotel business. The city’s Camel Paint Center will be converted to provide next year. More than 300 rooms in the hotel.
The Camel Paint Center is located at the junction of Kaiyuan Road and Xingye Street in Kwun Tong
It has a 6-storey building with a building area of approximately 16700 to 23,000 square feet and a total gross floor area of approximately 120,000 square feet. According to market sources, the owners intend to convert the building into a hotel next year, offering about 300 to 350 rooms.
Deng Chengbo, son of Shengcheng Group and chairman of the Shengyu Group, said that the feasibility of different uses of the building is being studied
According to the data, Deng Chengbo purchased the Camel Paint Center in 2007 for 1.078 billion yuan. The property was replenished in 2003 and can be used for commercial purposes.
In addition, the predecessor of the city, Deng Chengbo, held the entire building of Guanghui Freezer (Yicang), No. 11-19, Yongye Street, Kwai Chung, and was awarded a bid of over RMB 2.2 billion. Deng Yaosheng said that the Group is optimistic about the future development of the logistics and warehousing business and denies the intention to sell the property.