The 13 Hotel in Macau, known as one of the world’s priciest hotels, has been sold for HK$600 million (US$76.43 million) to an undisclosed local buyer, marking the city’s first hotel transaction in eight years.
The 22-storey property in Coloane completed a five-year search for a purchaser, according to Savills Macau managing director Franco Liu. This sale also represents Macau’s largest post-pandemic property deal. The 199-room hotel was initially valued at HK$2.4 billion when it was first offered for tender last year.
Mark Wong, senior director at JLL Macau, noted that the buyer has significant experience in the local property market, including hotel operations, and also holds international real estate investments. The buyer expressed strong confidence in Macau’s market.
The striking red facade of The 13 Hotel.
Savills and JLL acted as joint agents for the transaction. Plans are underway to redesign and renovate the hotel, with the aim of transforming it into a prominent tourist destination.
