Developers Open New Hotels in Hong Kong Despite Plunge in Revenue
Photo Credit: K11 Artus Specialty Suite features a private fully-furnished sundeck offering spectacular views of the Hong Kong skyline. New World Development Company
Skift Take
Two of the city's wealthiest families have each opened a new hotel even though protests have severely crimped revenues. Is the show of confidence enough to keep the spirits up this Christmas?
Two of Hong Kong’s biggest real estate developers with deep hospitality interests have each gone ahead and opened a hotel in the city despite pro-democracy protests that have been raging on for more than six months.
Sun Hung Kai Properties, which owns a slew of hotels such as the Ritz-Carlton, Four Seasons, W in Hong Kong, and others under its own brand Royal Hotels, opened Alva Hotel by Royal this week, offering a whopping 618 rooms in Shatin’s River East neighborhood. Alva signifies a new expansion of Sun Hung Kai Hotels, the hotels arm of the company, into modern design and technology hotels, its website says.
New World Development Company last week officially announced the opening of K11 Artus to the media following its soft launch in July. The ultra-luxury property offers 287 studio to three-bedroom serviced residences, many with views of Victoria Harbor, and is part of the group’s Victoria Dockside development that is overseen by its executive vice chairman and genera
