The Excelsior, the iconic waterfront hotel built on the very first plot of land sold during the British colonial era, will shut at the end of March next year for redevelopment into an office tower, according to its owner.
Mandarin Oriental International will demolish the four-star hotel and build a commercial building on the site, which will take about six years. The total development cost is about US$650 million, according to the company’s announcement on Tuesday morning.
Mandarin…
Source : South China Morning Post
Read more…Hong Kong’s iconic Excelsior hotel to shut in March 2019 for redevelopment into offices















