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13 heavily indebted hotels have resumed limited operations

Broadcast United News Desk
13 heavily indebted hotels have resumed limited operations
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According to ABC, the Thirteen Hotel in Seac Pai Wan, Coloane, has resumed limited operations four years after being closed.

announcer Report The financially troubled restaurant has yet to fully reopen due to ongoing renovations. Its business license is also expected to expire by the end of this year, according to the Macau Government Tourism Office (MGTO).

In early March this year, Jones Lang LaSalle Macau listed the hotel for sale at US$307 million. auction But in the end it failed.

The Thirteen, which cost $1.6 billion to build, was once billed as the world’s most luxurious hotel, with 22 floors and 196 rooms. However, the hotel, founded by Hong Kong entrepreneur Stephen Hung, had its opening delayed several times before it finally opened in 2018.

[See more: The 13 Hotel has been put up for sale at US$307 million]

Multiple factors be opposed to The property’s success has been influenced by factors including its relatively remote location and its inability to obtain a gaming license.

As a result, the hotel eventually closed in February 2020, the owner declared bankruptcy, and parent company South Shore was delisted from the Hong Kong Stock Exchange in 2023.

Before the auction was announced in March, there were reports that the hotel would Reopening This year, the hotel will undergo renovation works and the tourism board will also renew its hotel license.

However, it is currently not possible to book rooms at this hotel on major platforms such as Agoda, Trivago, and Trip.com.


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