Novotel Nathan Road (Novotel Hong Kong Nathan Road Kowloon) - SOLD

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Sold for 2,368,000,000 HKD Date of Sale: July 2012
Rooms: 389
Price Per Room: 6,087,404 HKD
Property Id : 29222

Jones Lang LaSalle Property Consultants Pte Ltd (“Jones Lang LaSalle Hotels”) and Jones Lang LaSalle (HK) Limited have been retained by Surplus King Grand Investment Holding Limited (the “Owner’) on an exclusive basis to offer for sale the Novotel Hong Kong Nathan Road Kowloon (the “Hotel”) and Nathan Square (collectively the “Property”), situated at 348 Nathan Road, Kowloon, Hong Kong.

Occupying a prominent position along Kowloon’s main thoroughfare and enjoying direct retail frontage onto the prestigious Nathan Road, the Property is located within walking distance to Victoria Harbour and minutes away from Hong Kong Island. Built in 1992 and extensively refurbished in 2008, the Hotel reopened under Accor’s midscale Novotel brand in April 2008. Featuring 389 elegant guestrooms and spacious, attractive public areas, the Hotel provides contemporary accommodation in the centre of one of the world’s most dynamic and popular
tourism destinations.

Offered for sale with the benefit of a long-term management agreement with Accor, one of the world’s leading hotel groups, the Property represents an exceptional opportunity to acquire a hotel showcasing the perfect blend of comfort, efficiency and design, and a significant retail component in one of Asia’s key gateway cities.

Detailed information on the Property including financial, title, legal and building information is available for review upon the execution of a confidentiality agreement.

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