Business Overview | Hotels Development and Management

The Group currently operates 13 hotels in the Asia Pacific region, four of which are owned by the Group. The three in Hong Kong are prominently located in Harbour City while that in Wuhan is on the Bund and overlooks the Yangtze River.

A solid portfolio of 11 owned hotels (including seven new hotels in the Mainland at a total investment of more than HK$10 billion) will serve as a core platform of an expanding hotel network in five years' time. These hotels, destined to offer superb levels of design and impeccable quality of service, will take the hotel group to the next level of service and hospitality. At least three of the new owned hotels are luxury hotels to be operated under a new brand Niccolo by Marco Polo.

Niccolo, a collection of contemporary urban luxury hotels with the most desirable and highly prized addresses, will set a new benchmark of style and hospitality for the Group. The first Niccolo hotel will open in Chengdu IFS in early 2015, which is an integral part of the Group's growth strategy in light of the continued potential of business and leisure travel across the region.

The sky hotel in Suzhou is a luxury boutique-sized hotel with 129 rooms, whereas the others are premium business hotels with more than 200 rooms each. Out of these seven new hotels, three are part of the Group's multi-use retail-office complexes (in Changsha, Chengdu and Chongqing).

The hotel in Changzhou, surrounded by a vast private garden for major events and weddings, is set to be opened by the end of 2014. It is poised to become another showpiece for the Group's future development.

Marco Polo Hotels is a member of Global Hotel Alliance, the world's largest alliance of independent hotel brands encompassing over 320 upscale and luxury hotels with over 75,000 rooms across 57 countries.

Marco Polo Hotels' Network

Hong Kong Marco Polo Hongkong Hotel
  Gateway, Hong Kong
  Prince, Hong Kong
China Marco Polo Parkside, Beijing
  Marco Polo Lingnan Tiandi, Foshan
  Marco Polo JinJiang
  Marco Polo Shenzhen
  Marco Polo Suzhou
  Marco Polo Xiamen
  Marco Polo Wuhan
The Philippines Marco Polo Davao
  Marco Polo Plaza, Cebu
  Marco Polo Ortigas, Manila

Murray Building - a conservation project for a unique lifestyle hotel

In November 2013, the Group, through listed subsidiary Harbour Centre Development Limited, acquired the 27-storey Murray Building in Central for HK$4.4 billion. It is a majestic building with towering arches and quite possibly the last remaining prime site in Central for a major hotel.

With nearly 50 years of history, this prominent landmark building guards the intersection of traffic arteries in Central that run east-west and north-south, commands open green views over Hong Kong Park and is well connected to other buildings in the neighbourhood, as well as to the Mass Transit Railway.

The Group will convert this iconic building into a unique, fashionable lifestyle hotel for a total investment of over HK$7 billion. Target opening is scheduled for 2017. Design planning is underway by Foster and Partners.

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