Hotel Ease ‧ Mong Kok for sale via expression of interest: Colliers

The 30-storey hotel has 199 guest rooms and is near an MTR Station.

Hong Kong’s Hotel Ease ‧ Mong Kok is for sale via expression of interest (EOI) process, sole agent Colliers announced in a press release.

The EOI closing date is on 25 August 2023, 12NN.

Hotel Ease ‧ Mong Kok is a 30-storey hotel with a site area of approximately 4,053 sqft. and a total gross floor area of about 48,595 sqft. The building has a total of 199 guest rooms that occupy the fifth through the 32nd floors. Higher floor rooms feature a view of the Victoria Harbour.

The property is also just a minute’s walk away from the Yau Ma Tei MTR Station and faces the cross-border bus terminus. It is also a 10-minute drive to the Hong Kong West Kowloon high-speed rail station, offering easy access to mainland China.

It is also near the Langham Place shopping mall, located in a core business area lined with commercial buildings, hotels, and restaurants, Colliers said.

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“It is a rare opportunity to acquire an en-bloc hotel located in a core tourist area,” said Thomas Chak, co-head of capital markets & investment services at Colliers | Hong Kong.

Chak noted the sale of Kimberley Hotel earlier in 2023 for HK$3.4b, which based on transaction value puts each room to be worth about HK$6.28m.

“This property is situated at a prime commercial location with a good occupancy rate. Investors should seize this opportunity to acquire this asset as tourism is still picking up, and to enjoy a stable rental income with appreciation potential when the global economy and tourism fully bounce back,” he added.