Completed in 2007, Hotel Cozi Harbour View at 163 Wai Yip Street is a 32-storey hotel that occupies a site area of 19,050 sq ft. Its total gross floor area of…
HONG KONG: International funds and local investors are snapping up hotels in Hong Kong with the intention of converting them for long-term leasing and student accommodation as the outlook for the city's tourism industry remains uncertain.
Since the onset of Covid-19 some 14 hotels have changed hands, mostly for conversion to co-living or student accommodation, with more in the pipeline as activity accelerates in the sector, says Colliers.