Our Real Estate team advised a consortium led by CapitaLand Investment on its approx. HK$2.3 billion acquisition of the hotel known as “Ibis Hong Kong Central & Sheung Wan” located at No. 28 Des Voeux Road West, Hong Kong, which will be converted into student accommodation as a seed asset for expanding its Ascott living sector platform in Hong Kong. This is reported to be the largest hotel transaction in Hong Kong to date for 2026.
The acquisition was led by Real Estate partner Eugene Wong, primarily assisted by associate Ronnie Chan, and supported by Real Estate senior associate Richard Tang and partners from other practice areas, including Billy Lam, Joe Choy and Jenny Yu.
