Hopewell, top landlord in Wan Chai, ventures into hotel in bet on tourism, conference demand

Quick Summary:

Founder Gordon Wu expects to retire in two years after redeveloping Nam Koo Terrace, also known as the Wan Chai Haunted House.

As such, it may be too costly for other players to compete.

Wu said the land and construction cost amounted to about HK$15 billion (US$1.9 billion).

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong KongChina

Topics: Venture Road City Conferences Demand Mainland Hotel Located Kennedy Hopewell Centre

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 08:30:07 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 277 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24524842

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