Macau's The 13 Hotel Reopens and Hits Market at $309M

After a five-year closure, The 13 Hotel in Macau has finally reopened and is now available for sale, presenting a rare opportunity in a dynamic market. The property, originally constructed in 2013 at the start of a significant political era, is listed at HK$2.4 billion—approximately £411.6 million, €354 million, or $309 million—and is handled by the renowned real estate consultancy Jones Lang LaSalle (JLL).

Key Takeaways

• The hotel has reopened after a lengthy five-year closure and is now on the market.
• Listed at an impressive HK$2.4 billion, the property is backed by major financial figures in multiple currencies.
• Although construction started in 2013, the absence of a gaming license impacted its appeal to high-rolling guests, with renewed interest evident in the current bidding process.

The sale of The 13 Hotel has sparked a renewed sense of excitement within Macau’s property market, even after an unsuccessful attempt in March 2024. With bids for the hotel due by May 19, stakeholders and investors are closely monitoring developments, anticipating a turnaround in interest as market conditions improve.

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The reopening and sale of The 13 Hotel in Macau not only marks a new chapter for the property itself but also reflects broader economic and cultural shifts influencing both real estate and entertainment industries across the globe. As the bidding process unfolds, the evolving story of The 13 Hotel remains an intriguing case study in market adaptation and investment potential.