The new owner of Rosedale Hotel plans to covert the property on Shelter Street into a commercial complex once the current lease agreement runs out in 2020. Photo: David Wong
Hong Kong hotels may become office complexes as owners eye bigger profits
Grand View Hotel and Rosedale Hotel buyers secure government approvals for redevelopment plans to in case the hospitality industry’s fortunes decline
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Hong Kong property
The new owner of Rosedale Hotel plans to covert the property on Shelter Street into a commercial complex once the current lease agreement runs out in 2020. Photo: David Wong