CBRE Appointed as Sole Agent of Recently Completed Enbloc Hotel for Sale in Shau Kei Wan

CBRE has been appointed as the sole agent for the sale of the China Rich Oriental Hotel, 225 Shau Kei Wan Road, Hong Kong through private treaty. The property is a recently completed hotel, having obtained its occupation permit in 2022, and comprises 67 guest rooms with a total plot ratio GFA of 21,953 sq.ft. approx. This represents a rare opportunity for investors, operators, and end users to acquire a en-bloc hotel asset in Hong Kong Island East.

As one of the few newly completed hotel supplies on Hong Kong Island in recent years, the property was granted its occupation permit in 2022 and subsequently commenced operations. The hotel features a modern architectural design with a glass curtain wall façade, offering adequate natural lighting and a fresh appearance. Buyers will be able to immediately commence operations or reposition the property without incurring significant refurbishment or equipment replacement costs. The hotel offers 67 guest rooms, including a duplex suite on the top floor, with a moderate hotel scale that combines operational flexibility and investment value. With a total gross floor area of approximately 21,953 sq ft, the property offers a well-balanced scale that combines operational flexibility with strong investment potential.

Strategically located along the major road – Shau Kei Wan Road, the property enjoys excellent accessibility. It is within a five minute walk to Sai Wan Ho MTR Station and a six minute walk to Shau Kei Wan MTR Station, with The University of Hong Kong easily accessible within approximately 30 minutes by MTR. The hotel also benefits from direct access to public transport, with bus and tram stops directly at its doorstep, providing convenient connections to Hong Kong Shue Yan University, and across Hong Kong Island, Kowloon, and the New Territories. The neighbourhood blends traditional local character with modern urban vibrancy, creating a distinctive streetscape that reflects the unique charm of Hong Kong. Residents and visitors enjoy a well-established local community with comprehensive amenities, including a wide range of street-level retail and dining outlets catering to daily needs. The nearby Oi Tung Shopping Centre further enhances the area's convenience by offering an extensive selection of retail and lifestyle services. In addition, the hotel is close to renowned local food destinations such as Tai On Building and Shau Kei Wan Main Street East, both popular among young professionals and students alike for their diverse and authentic dining options.

Joseph Wong, Associate Director of Capital Markets, CBRE Hong Kong commented: “This hotel, being recently completed, allows buyers to save substantial refurbishment costs and immediately commence operations. With its prime location, the property is well suited for long term operation as student housing, worker accommodation, or serviced apartments. In recent years, demand for student housing has continued to rise, making such projects a focal point for investors. The supply of en bloc hotels available for sale has gradually diminished, and on Hong Kong Island such opportunities are even more scarce. We have also observed that many hotels are being converted into student housing, which effectively reduces the number of rooms available to the market. Against this backdrop, the rental outlook for hotel properties remains optimistic, further underscoring their strong investment appeal. This sale offers investors and end-users a rare opportunity to secure a resilient and value appreciating en bloc hotel asset in Hong Kong Island East.”

For any enquiries regarding this property, please contact Joseph Wong, Associate Director, Capital Markets, CBRE Hong Kong (Tel: +852 9752 4618 | E-368256) or Jerry Yuen, Senior Director, Capital Markets, CBRE Hong Kong (Tel: +852 9383 0249| E-278503).

 
Property Advertising Number: CBRE-CM-ADV5683