The Excelsior, the white building on the left, will make way for a US$650 million, six-year development into a waterfront office tower. Photo: Winson Wong

Rent at office tower redeveloped on The Excelsior’s site may be the highest in Causeway Bay amid shortage of commercial space

  • Mandarin Oriental Hotel Group will redevelop The Excelsior into a 26-storey office tower at a cost of US$650 million
  • The redeveloped office tower is the only new commercial space under development in Causeway Bay for the next few years, analysts say
Topic |   Hong Kong property

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The Excelsior, the white building on the left, will make way for a US$650 million, six-year development into a waterfront office tower. Photo: Winson Wong
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A view of The Excelsior in Causeway Bay as of 6 November 2018. Photo: SCMP/Martin Chan

The Excelsior goes out with a party and a bang as iconic hotel bows to commercial pressure and makes way for an office tower

  • The hotel’s closure was announced last year after a 2017 sale failed to meet the minium required price
  • The most loyal guest – with 2,200 nights over 63 visits – will be invited to fire the Noonday Gun on Sunday to let the hotel go out with a bang
Topic |   Hong Kong property

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A view of The Excelsior in Causeway Bay as of 6 November 2018. Photo: SCMP/Martin Chan
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