Magnificent Estates chairman William Cheng says hotels in prime locations are likely to attract corporate customers and frequent individual travellers. Photo: Franke Tsang Magnificent Estates chairman William Cheng says hotels in prime locations are likely to attract corporate customers and frequent individual travellers. Photo: Franke Tsang
Magnificent Estates chairman William Cheng says hotels in prime locations are likely to attract corporate customers and frequent individual travellers. Photo: Franke Tsang

Hotel operator Magnificent Estates sees upside to Hong Kong tourist slump

Magnificent Estates sees opportunity to look for buyout targets

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Magnificent Estates chairman William Cheng says hotels in prime locations are likely to attract corporate customers and frequent individual travellers. Photo: Franke Tsang Magnificent Estates chairman William Cheng says hotels in prime locations are likely to attract corporate customers and frequent individual travellers. Photo: Franke Tsang
Magnificent Estates chairman William Cheng says hotels in prime locations are likely to attract corporate customers and frequent individual travellers. Photo: Franke Tsang
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