William Cheng Kai-man, chairman of Magnificent Hotel Investments, says hotel owners in noncore areas would be happy to rent their hotels for use as temporary housing. Photo: Xiaomei Chen William Cheng Kai-man, chairman of Magnificent Hotel Investments, says hotel owners in noncore areas would be happy to rent their hotels for use as temporary housing. Photo: Xiaomei Chen
William Cheng Kai-man, chairman of Magnificent Hotel Investments, says hotel owners in noncore areas would be happy to rent their hotels for use as temporary housing. Photo: Xiaomei Chen

Hong Kong government plan to use hotels for temporary housing will help struggling owners, says industry veteran

  • Owners in noncore areas will be happy to rent their hotels to the government, says William Cheng of Magnificent Hotel, who suggested the idea to Carrie Lam
  • Cheng says hotels in noncore areas could accept a monthly rent of between HK$4,000 and HK$4,500 per room

Topic |   Carrie Lam policy address 2020
William Cheng Kai-man, chairman of Magnificent Hotel Investments, says hotel owners in noncore areas would be happy to rent their hotels for use as temporary housing. Photo: Xiaomei Chen William Cheng Kai-man, chairman of Magnificent Hotel Investments, says hotel owners in noncore areas would be happy to rent their hotels for use as temporary housing. Photo: Xiaomei Chen
William Cheng Kai-man, chairman of Magnificent Hotel Investments, says hotel owners in noncore areas would be happy to rent their hotels for use as temporary housing. Photo: Xiaomei Chen
READ FULL ARTICLE