Wharf Holdings to turn historic Murray Building into luxury hotel
The Murray will become part of the Niccolo Hotels brand and cost Wharf a total of HK$7 billion to develop
Hong Kong conglomerate Wharf Holdings is turning the almost 50-year-old Murray Building on Cotton Tree Drive in Central, once the city’s tallest government building, into a luxury 27-floor hotel.
The land and building cost the company HK$4.4 billion to buy, and chairman and managing director Stephen Ng Tin-hoi said when The Murray hotel opens in October, 2017 the overall project will have cost a total HK$7 billion.
Harbour Central Development, a Wharf subsidiary, outbid as many as 40 others to buy the building, which will now become the second branch of its new luxury hotel brand Niccolo Hotels.
The hotel’s managing director Duncan Palmer said the new 336-room hotel’s “handsome budget” will allow the developer to preserve some of the building’s features, such as its distinctive ground-floor arches and recessed windows.
The Murray Building was first offered for sale by the government in November 2013 as part of the “Conserving Central” project, which works to preserve the heritage of the historic heart of Hong Kong, according to the Development Bureau.
It’s been some years since we last opened a luxury hotel in Hong Kong, but when it arrives in little over a year from today, we hope that it will be the talk of the town
“The asset itself, the location, is great,” Ng told the Post. “Its heritage is very important because it will help to establish the hotel when we open it, both locally and internationally.”