Macau Hotel Conceived by Bling Empire Mogul Sold for $76 Million
A luxury hotel in Macau envisioned by Hong Kong tycoon Stephen Hung has been sold at discount to a local investor.
The 13 Hotel in Macau was sold for HK$600 million ($76 million), according to Jones Lang LaSalle, the agent that previously handled a public tender of the property in April. JLL was also appointed as the management firm for the hotel before and after the acquisition to ensure a smooth transition, it said in an emailed statement.
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