International real estate firm Savills has been appointed as the sole agent for the sale of Sheraton Hotel, No.9 Yi Tung Road, Tung Chung ("The Property"). The Property is a dual-branded hotel operated by Marriott, which will be sold together with the shopping mall podium "T Bay." The total gross floor area is approximately 610,000 square feet, featuring 1,219 guest rooms, making it the largest hotel in the area and the third largest in Hong Kong by room count. The two hotel brands each have their own positioning: the Sheraton Hong Kong Tung Chung Hotel is a high-end five-star hotel with 218 guest rooms, while the Four Points by Sheraton has 1,001 guest rooms, primarily catering to budget-conscious customers.

The property is ideally situated in a distinctive location, surrounded by major infrastructure and tourist attractions. It offers convenient access to the airport, the Hong Kong-Zhuhai-Macao Bridge, AsiaWorld-Expo, 11 SKIES, and a range of tourist and ecotourism destinations. Notable tourist attractions include Citygate Outlets, Ngong Ping 360, the Big Buddha, and Hong Kong Disneyland, along with ecotourism destinations such as the Tai O fishing village and numerous hiking trails. This advantageous location positions the property to attract five key customer groups: business travelers, transit passengers, airline crew, leisure travelers, and eco-tourism enthusiasts.

The hotel features a wide range of facilities, including six restaurants, a sea-view swimming pool, a fully-equipped gym, a massage room, and a children's playroom. Additionally, the property offers some of the finest conference and banquet venues in the area, highlighted by a spacious, column-free banquet hall with a 7-meter-high ceiling, a multifunctional room with a terrace, three meeting rooms, and a large outdoor garden perfect for weddings and cocktail parties.  These diverse venue options make the property an ideal choice for both business meetings and wedding celebrations. Notably, it has been recognized with the “7th Premium Travel Selections of the Year - Premium Selected Meeting Hotel of the Year” award.

Mr. Raymond Lee, Chief Executive Officer at Savills Greater China said, “In recent years, the government has been actively promoting the development of Airport City, with several new projects set to be completed in the near future, including 11 SKIES, AsiaWorld-Expo Phase 2, artwork storage facilities, a water park and marina facilities, a jet fresh market, and new transportation infrastructure connecting Tung Chung, Sky City, and the Hong Kong port of the Hong Kong-Zhuhai-Macao Bridge. The development of Airport City will directly drive the demand for hotel accommodations in the area. As the largest and highest-quality hotel asset in the region, this property is expected to attract investors seeking growth opportunities.”

Mr. Godfrey Cheng, Deputy Senior Director, Investment CEO Office at Savills Hong Kong said, “In 2024, the number of visitors to Hong Kong has recovered to 70% of pre-pandemic levels. The occupancy rates and average daily rates of this Property have also performed quite well. In December 2024, the occupancy rates for Sheraton Tung Chung and the Four Points by Sheraton reached 94% and 95%, respectively, with the average daily rate for Sheraton Tung Chung over HKD 1,400. Looking ahead, the number of visitors to Hong Kong is expected to continue rising, and with the newly operational three-runway system, passenger volume at the airport will see a significant increase. This is anticipated to drive the occupancy rate of this property higher and further raise the average daily rate, providing substantial returns for investors.”