Savills has been appointed as the sole agent for the sale of No. 39 Morrison Hill Road, Causeway Bay, The total gross area of the Property is approximately 55,238 square feet, with a site area of about 3,112 square feet.

The property is a 26-storey boutique hotel, with the ground floor serving as the hotel lobby and drop-off area and the first floor serving as a café. Guest rooms are located on and above the third floor, comprising a total of 98 rooms with sizes ranging from approximately 176 to 324 square feet. Currently, the Property is operated as a youth hostel, providing a total of 184 beds.

The Property is ideally located in Causeway Bay, one of the most vibrant shopping, entertainment, and dining hubs in Hong Kong. It is just a stone's throw away from several major shopping malls, such as Times Square and Hysan Place.

Additionally, it is approximately a 5-minute walk to the Causeway Bay MTR station and within a 15-minute drive to various universities’ campus, including the University of Hong Kong, the Hong Kong Polytechnic University, and the Hong Kong Metropolis University.

Mr. Raymond Wan, Chief Senior Director, Investment at Savills Hong Kong said, “In accordance with the latest policy address delivered in Oct 2024, the government aims to promote Hong Kong as an international talent hub by attracting more local and international students to study in Hong Kong. This initiative is expected to boost the demand for student accommodation in a short time. The property is currently operated as a youth hostel, with facilities and amenities tailored specifically for young people and students. This allows buyers to save significant time and costs associated with the respective conversion or renovation. As a result, it is likely to attract interest from various investors, operators, and private equity funds.”