SJM to convert Hengqin offices into new hotel as part of Greater Bay expansion
Strategic acquisition aims to support integration, tourism and economic diversification.
Key points:
– SJM acquires property in Hengqin for hotel conversion
– RMB724m (US$99.7m) investment to support Greater Bay Area tourism
– Project to complete within 24 months, targeting mass market segment
SJM Holdings Limited has announced the acquisition of a commercial property in Hengqin, which it will transform into a three-star hotel as part of its expansion into the Greater Bay Area.
The site, located next to the Hengqin Port, will become part of a broader lifestyle complex featuring residential, retail and office facilities.
The acquisition, made through SJM – Investment Limited, involves approximately 19,781 square metres of space across 12 office floors and one retail unit. The total consideration is around RMB724m, covering both the property purchase and projected conversion costs. The investment is structured over seven cash settlement stages.
Once completed, the hotel will aim to attract budget-conscious travellers and serve as a strategic extension of SJM’s hospitality presence beyond Macau. It is expected to open within two years and complement the group’s flagship properties, including Grand Lisboa Palace and Grand Lisboa Hotel, located 10 and 30 minutes away respectively.
SJM stated that the project is aligned with broader national objectives to strengthen cooperation between Hengqin and Macau. The development is also positioned to benefit from rising travel volumes linked to relaxed entry policies and other central government initiatives.
Good to know: The property’s location near Hengqin Port, with access to the Guangzhou–Zhuhai Intercity Railway and the Macao Light Rapid Transit Interchange, is seen as a key advantage for cross-border tourism
The move reflects SJM’s ambition to generate new revenue streams through capital-efficient investment, while helping to diversify Macau’s tourism economy.
The group aims to leverage its hospitality experience to offer reliable service in an underserved segment, supporting both business expansion and policy alignment.
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