The arrangement between theDesk and Kerry Hotel will compensate the hotel as landlord and minimise risks for the co-working company. Photo: Martin ChanThe arrangement between theDesk and Kerry Hotel will compensate the hotel as landlord and minimise risks for the co-working company. Photo: Martin Chan
The arrangement between theDesk and Kerry Hotel will compensate the hotel as landlord and minimise risks for the co-working company. Photo: Martin Chan
Business

Hong Kong co-working operator theDesk, Kerry Hotel start profit-sharing venture to beat pandemic-driven slowdown

  • theDesk is occupying 6,600 sq ft in Hung Hom hotel
  • ‘We have adapted to cater to a new generation of needs,’ hotel’s general manager says

Topic |   Coronavirus pandemic
Cheryl Arcibal
Cheryl Arcibal

Updated: 10:05pm, 14 Aug, 2020

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The arrangement between theDesk and Kerry Hotel will compensate the hotel as landlord and minimise risks for the co-working company. Photo: Martin ChanThe arrangement between theDesk and Kerry Hotel will compensate the hotel as landlord and minimise risks for the co-working company. Photo: Martin Chan
The arrangement between theDesk and Kerry Hotel will compensate the hotel as landlord and minimise risks for the co-working company. Photo: Martin Chan

Corrected [9:35pm, 14 Aug, 2020]

  • [9:35pm, 14 Aug, 2020]

    This story has been amended to show the hotels segment's losses have been pegged at US$50 billion by Colliers. The story originally said the losses were pegged at US$50 million.

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