Skip to content
Menu

The debt-ridden 13 Hotel is preparing for a 2024 relaunch, reports say

With the renewal of its 2024 hotel licence and renovation work apparently underway, the ultra-luxury hotel could potentially reopen its doors to the public later this year.

ARTICLE BY

PUBLISHED

READING TIME

Less than 1 minute Minutes

ARTICLE BY

PUBLISHED

READING TIME

Less than 1 minute Minutes

UPDATED: 02 Jan 2024, 7:50 pm

Plans to reopen the financially troubled 13 Hotel later this year are currently underway, according to Inside Asian Gaming.

The specialist gaming publication says it was told by the Macao Government Tourism Office that 13 Management Ltd had lodged a successful application to have its hotel licence renewed for 2024 and that the hotel had already “submitted an application to the Lands and Works Bureau for a [revised] programme” of repairs.

This could indicate that the hotel had “a view to resuming business operations,” IAG said.

[See more: US$1.4 billion super luxury Hotel 13 in Coloane declared bankrupt]

Costing a total of more than US$1.4 billion, the 13 Hotel in Coloane was once touted as one of the most expensive hotels in the world. The project, which was conceived by Hong Kong businessman, Stephen Hung, opened its doors in 2018 after several delays. 

However, the pandemic, coupled with low revenue, led to the termination of operations in February 2020.  Ultimately, the owners were declared bankrupt, while the hotel’s parent company, South Shore, was removed from the Hong Kong Stock Exchange in 2023. 

Some commentators have attributed the hotel’s demise to a location relatively far from the Cotai Strip, its tone-deaf design, and the erroneous belief that it could secure a sizable allocation of gaming tables.

UPDATED: 02 Jan 2024, 7:50 pm

Send this to a friend