Latest news with #StephenHung
Bloomberg
a day ago
- Business
- Bloomberg
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.
South China Morning Post
20-04-2025
- Business
- South China Morning Post
Macau's most opulent lodging, The 13 Hotel and Casino, up for sale again
Touted as one of the world's most expensive hotels, The 13 Hotel and Casino in Macau has been put up for sale again by its creditors, as a tourism boom looks to lift overall business in the world's largest gaming hub. Advertisement Formerly owned by Hong Kong businessman Stephen Hung who appeared on the Netflix show Bling Empire , the 22-storey lodging located in Macau's southernmost district of Coloane was estimated to be worth HK$2.4 billion (US$309 million) last year when it was first launched for tender. The deadline for the new public tender for the 199-room hotel is May 19, according to JLL. The asset, which features a striking red facade, is currently held by a bank, according to the property consultancy. 'It's a super-luxury hotel,' said Mark Wong, senior director at JLL in Macau. 'The hotel market is recovering after the Covid-19 pandemic , and tourists are coming back quickly.' This sale would mark the second attempt by the undisclosed lender to find a buyer for The 13 Hotel and Casino, following a similar tender in March 2024. Advertisement Hopes for a successful tender appear to be high this time. The hotel's sale has generated 'many inquiries already', Wong said.
