CBRE Appointed As the Sole Agent for the Sale of The Henry Hotel/Serviced Residence

CBRE has been appointed as the sole agent for the sale of the Henry at No. 322-324 Des Voeux Road West, Sai Ying Pun, Hong Kong by Private Treaty.  

The Henry in Sai Ying Pun is strategically located only 5 minutes away from Hong Kong University MTR Station Exit A2 and 5 minutes away from Sai Ying Pun MTR Station Exit B3, making it highly accessible for locals, tourists and students alike. It is only 8-minute ride from the main Central Business District of Sheung Wan and Central, making it the perfect abode for young professionals.

Located on Hong Kong Island, it has a rare 999-year lease on a class A site, and highly prominent on the famous street of Des Voeux Road West. 

The Henry is a 24-storey hotel, with a total gross floor area of approximately 23,881 sq. ft. It features 34 spacious guest rooms, in 3 different room configurations and upper floors feature an open and partial sea view. The first floor boasts an attractive and generously size concierge floor with a meeting room and storage space, with back of house facilities on the third floor. 

The current ground floor retail unit is occupied by blue-chip tenant Starbucks Coffee offering an attractive frontage to the building as well providing a stable source of income.

Mr. Barry Chung, Head of Client Care Hong Kong at CBRE, stated: “The living sector has been one of the most active sectors in not just Hong Kong, but across the whole of APAC. According to our 2025 APAC Hotel Investor Intentions Survey, over 72% of respondents stated that they plan to buy more hotel assets, many citing limited new supply, improving tourist arrivals and demand, and the decreasing debt costs as top tailwinds for investment.”

Mr. Macro Liao, Senior Manager of Hotels & Hospitality Asia Pacific at CBRE, stated: “As the hotel and tourism market in Hong Kong continues to recover and improve, small boutique hotel opportunities with attractive pricing are increasingly sought after by family offices, high-net-worth individuals, and local groups, evidenced by five similar transactions in the past nine months. The Henry represents a unique opportunity for investors to acquire a 999-year lease hotel/serviced residence in one of Hong Kong's most desirable districts, with the potential for rebranding and repositioning to align with emerging trends in co-living and student accommodation.”

Locally in Hong Kong, student living and accommodation has been a strong theme and will continue to do so given the growth prospects in this field. A combination of demand side policies led by the HK government to increase the intake of non-local students from 20% to 40%, and insufficient supply of private accommodation suitable for students in key areas will only lead to this asset class strengthening further. 

Given its proximity to the Hong Kong University and nearby transportation links, The Henry is ideally positioned on the Island for upgrading to attract young professionals or converting into a student accommodation. The rooms are generously sized with en-suite bathrooms and there are additional floors which can be converted into further communal areas to be enjoyed by guests. 

This space is attracting institutional players as well as capital from local groups and High-Net Worth families and given the relatively small lump sum investment and attractive unit pricing, and it is expected that this exciting opportunity would be perfect for a value-add strategy around the living sector. 

For enquiries about the property, please contact Mr. Barry Chung, Head of Client Care at CBRE Hong Kong (+852 6604 0426), Mr. Macro Liao, Senior Manager, CBRE Asia Pacific Hotels & Hospitality (+852 6340 7777) or Mr. Ray Chan, Senior Manager, Capital Markets, CBRE Hong Kong (+852 6103 5679) for more details. 
 
Property Advertising Number: CBRE-CM-ADV-2901