Property News · September 5, 2018

Hotels outside Hong Kong’s flashy areas should avoid the rush to convert to offices, Colliers says


Tempted by soaring rents, some of Hong Kong’s hotel owners in upscale areas are converting their properties into office space. But one analyst is warning against a greed stampede.
Eight hotels are now being refurbished, redeveloped or on the drawing board for the shift, representing more than 2,000 hotel rooms, according to a Colliers International report released on Wednesday.
Seven of them are located in what the Hong Kong government calls “core” areas — Sheung Wan, Central…

Source : South China Morning Post
Read more…Hotels outside Hong Kong’s flashy areas should avoid the rush to convert to offices, Colliers says

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