When Bay Bridge Lifestyle Retreat is relaunched 12 months from now, the border with the mainland should be open, says William Cheng, Magnificent Hotel’s chairman. Photo: May Tse
When Bay Bridge Lifestyle Retreat is relaunched 12 months from now, the border with the mainland should be open, says William Cheng, Magnificent Hotel’s chairman. Photo: May Tse

Two Hong Kong hotels sell for US$295 million, as cash-rich investors bet on hospitality sector rebound once borders reopen

  • Shun Ho Construction buys Bay Bridge Lifestyle Retreat in largest hotel transaction by a local buyer since December 2018
  • Weave Living acquires the former Grand City Hotel from Magnificent Hotel for HK$900 million

When Bay Bridge Lifestyle Retreat is relaunched 12 months from now, the border with the mainland should be open, says William Cheng, Magnificent Hotel’s chairman. Photo: May Tse
When Bay Bridge Lifestyle Retreat is relaunched 12 months from now, the border with the mainland should be open, says William Cheng, Magnificent Hotel’s chairman. Photo: May Tse
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