CBRE Successfully Completes Oasis Aurum 181 Master Lease Transaction with Liu Chong Hing Investment and GDHM

CBRE successfully completed the hotel master lease agreement of Oasis Aurum 181 between Liu Chong Hing Investment Limited and Guangdong (International) Hotel Management Holdings Limited (hereinafter referred to as GDHM). 

In March 2024, CBRE were tasked to source a reputable operator via an off-market process to master lease the One-Eight-One Hotel & Serviced Residences (now as “Oasis Aurum 181”). The team worked diligently to find the most suitable candidate and quickly secured first inspections and asset tours within one week with senior management of GDHM, a large reputable hotel management group under the Guangdong Holdings Limited. The team then assisted in various subsequent inspections of the asset and guided GDHM throughout the complex negotiation process, since as a group they have typically self-occupied their own assets in Hong Kong. 

The Subject Property is a full sea-view hotel located at 181 Connaught Road West, Central & Western District and is a 2-minute walk to Hong Kong University MTR Station and a short commute to the main Central Business District of Central, making it a popular destination for tourists and business travelers alike.  

The property boasts 182 generous rooms and suites and is rich with amenities such as a 24-hour gym, 24-hour concierge service, and a large gaming room as well providing a morning shuttle-bus service for guests. The property also features fully equipped meeting rooms and adaptable spaces, making it a perfect venue for business functions and events. This transaction marks GDHM’s first master lease agreement in Hong Kong, adding to their two existing self-operated hotels:  Oasis Avenue, Tsim Sha Tsui and The Wharney Hotel, Wanchai.

CBRE represented both parties in this transaction. 

Liu Chong Hing Investment Limited (SEHK: 0194) is a prominent family office established in 1970 in Hong Kong, whose principal activities include property investment, property development, property management, treasury investment, trading and manufacturing and hotels.

Guangdong (International) Hotels Management Holdings, GDHM is the international hotel management group under the Guangdong Holdings Limited, who are currently one of the largest comprehensive international enterprise groups in the Guangdong Province. Founded in the 1980s, their hotel portfolio currently spans locations such as Hong Kong, Macao, the Pearl River Delta, the Yangtze River Delta, the Bohai Sea Area, Central Plains and the South West. 

Barry Chung, Director Head of Client Care, CBRE Hong Kong, said: 

“This was the cumulative result of over 8 months hard work between our Hong Kong Capital Markets and Hotels & Hospitality APAC team, leading to this landmark hotel transaction. 

This was the largest hospitality transaction in Hong Kong in 2024, not to mention the largest hotel master lease agreement in over a decade, negotiated by a brokerage firm.  

The deal exemplifies the synergy and collaborative spirit between our various teams around the region, resulting in this win-win situation for both the Landlord and Operator. 

Family offices have long been the backbone of the Hong Kong economy and there’s been a lot of recent discussion in how they will play a role in the City’s future. Like many landlords, they’re adopting a pro-active approach to their asset management: delegating operational risk whilst improving efficiency. This type of expansive and forward-thinking program is exactly the type of strategy property owners are adopting whilst looking to upcycle their assets, as they gear themselves towards a strengthening hospitality sector.”

Darren Yan, Associate Director, Investment Property & Private Office, Capital Markets, CBRE Hong Kong, said:

“This new expansion by GDHM underlines the significance of Hong Kong’s status as one of the top destinations in Asia but also demonstrates the confidence they have for the Hong Kong market as it continues to rebound despite previous weakened sentiment. As such, we have been entrusted by the client to source further opportunities in key locations and continue to work with them. 

We look forward to seeing this strategic partnership between the two parties flourish further, whilst scaling new heights together.”

Macro Liao, Senior Manager, Hotels & Hospitality, CBRE Asia Pacific said: 

"GDHM is one of the largest state-owned operators in the market, and it took the team months of negotiation and various rounds of state approval before the deal was endorsed. This was a significant cross-border effort in every sense of the word.

The successful launch of this new partnership highlights CBRE’s ability to source and partner with the best groups in the market to create winning solutions—not just in the field of capital markets, but also in the professional advisory and consultancy space. We provide a complete and holistic service to our hotel and serviced apartment clients as they navigate a globally competitive landscape, shifting market trends with increasing complexity. 

CBRE have the skills, experience and capability to identify opportunities and unlock value for our clients, whilst meeting every challenge along the way.”


For inquiries about the property details, please contact Barry Chung, Director, Head of Client Care (T: +852 6604 0426), Darren Yan, Associate Director, Investment Property & Private Office, Capital Markets, CBRE Hong Kong (T: +852 6336 8384), or Macro Liao, Senior Manager, Hotels & Hospitality, CBRE Asia Pacific (Phone: +852 6340 7777) 



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