{"id":99592,"date":"2018-10-11T07:02:23","date_gmt":"2018-10-11T00:02:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/excelsior-hotel-owner-hoping-to-increase-its-value-by-hk13-7-billion-by-converting-it-into-an-office-block\/"},"modified":"2018-10-11T07:03:30","modified_gmt":"2018-10-11T00:03:30","slug":"excelsior-hotel-owner-hoping-to-increase-its-value-by-hk13-7-billion-by-converting-it-into-an-office-block","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/excelsior-hotel-owner-hoping-to-increase-its-value-by-hk13-7-billion-by-converting-it-into-an-office-block\/","title":{"rendered":"Excelsior Hotel owner hoping to increase its value by HK$13.7 billion by converting it into an office block"},"content":{"rendered":"


\nThe owner of Hong Kong\u2019s iconic harbour-view Excelsior Hotel expects to boost the asset\u2019s value by about half to HK$41 billion (US$5.2 billion) after converting it into a grade A office tower.
\nMandarin Oriental International said it would close the 869-room hotel in March to make way for a 26-storey commercial office building, in what is likely to be a fiercely fought-over future location, given the current shortage of supply and low vacancy levels in Central.
\nThe Excelsior, opened…
\n
\nSource : South China Morning Post
\nRead more…Excelsior Hotel owner hoping to increase its value by HK.7 billion by converting it into an office block<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The owner of Hong Kong\u2019s iconic harbour-view Excelsior Hotel expects to boost the asset\u2019s value...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-99592","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-pUk","jetpack-related-posts":[{"id":100538,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-excelsior-hotel-can-still-be-bought-for-the-right-price-says-mandarin-oriental-ceo\/","url_meta":{"origin":99592,"position":0},"title":"Hong Kong\u2019s Excelsior Hotel can still be bought for the right price, says Mandarin Oriental CEO","date":"October 26, 2018","format":false,"excerpt":"\r The Mandarin Oriental Group will push ahead with its US$650 million plan to redevelop The Excelsior Hotel building in Hong Kong into a Grade A office tower, even as it holds out the possibility that it could still find a buyer for the iconic waterfront building. Mandarin had called\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105601,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-excelsior-goes-out-with-a-bang-as-iconic-waterfront-hotel-bows-to-commercial-pressure-and-makes-way-for-an-office-tower\/","url_meta":{"origin":99592,"position":1},"title":"The Excelsior goes out with a bang as iconic waterfront hotel bows to commercial pressure and makes way for an office tower","date":"March 30, 2019","format":false,"excerpt":"\r Seven hundred guests will bid farewell tonight to The Excelsior, as the iconic waterfront hotel prepares to close its doors on 46 years of Hong Kong history on Sunday to make way for an office tower.The lobby of the 869-room, four-star hotel will use original props and music to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":162837,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/alibaba-ant-buy-hong-kong-offices-in-citys-biggest-deal-since-2021\/","url_meta":{"origin":99592,"position":2},"title":"Alibaba, Ant buy Hong Kong offices, in city\u2019s biggest deal since 2021","date":"October 17, 2025","format":false,"excerpt":"\r Alibaba Group Holding and Ant Group have agreed to pay HK$7.2 billion (US$925 million) to buy the top floors of a Causeway Bay office tower that Mandarin Oriental International is building on the site of The Excelsior hotel, marking Hong Kong\u2019s largest real estate transactions since 2021. Alibaba and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40091,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/csi-properties-sells-j-plus-hotel-and-an-adjacent-site-in-causeway-bay-for-hk1-7-billion\/","url_meta":{"origin":99592,"position":3},"title":"CSI Properties sells J Plus hotel and an adjacent site in Causeway Bay for HK$1.7 billion","date":"January 9, 2017","format":false,"excerpt":"\r CSI Properties announced on Monday that it has sold its J Plus hotel and an adjacent site in Causeway Bay for HK$1.7 billion to finance its new projects in Hong Kong and on the mainland. The company said the asset disposal would reap a gain of HK$1 billion. Proceeds\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kwok-familys-empire-group-bets-on-hong-kongs-border-reopening-to-spur-tourism-demand-for-its-hk6-billion-five-star-hotel-kimpton\/","url_meta":{"origin":99592,"position":4},"title":"Kwok Family\u2019s Empire Group bets on Hong Kong\u2019s border reopening to spur tourism demand for its HK$6 billion five-star hotel Kimpton","date":"November 23, 2021","format":false,"excerpt":"\r Empire Group Holdings, founded by the late Hong Kong tycoon Walter Kwok Ping-sheung, is pushing on with its HK$6 billion (US$770 million) luxury hotel project in Tsim Sha Tsui, betting that tourism in the city will rebound from one of its worst patches on record.The Kimpton, a 42-storey five-star\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43081,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/henderson-land-to-sell-kwun-tong-hotel-for-hk2-3bn\/","url_meta":{"origin":99592,"position":5},"title":"Henderson Land to sell Kwun Tong hotel for HK$2.3bn","date":"February 6, 2017","format":false,"excerpt":"\r Henderson Land Development has agreed to sell a hotel in Kwun Tong for HK$2.3 billion, according to sources with knowledge of the transaction. Newton Place Hotel, which has 598 guest rooms, began business in July 2007 and is one of four Newton hotels owned by Henderson. The deal translates\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/99592"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=99592"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/99592\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=99592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=99592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=99592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}