Key points:
- The 13 Hotel and Casino in Macau is back on the market, valued at $309m
- The luxury property includes ultra-large suites, leisure amenities and a renewed five-star licence
- Macau’s tourism recovery and rising visitor numbers are boosting investor interest
One of Macau’s most lavish hotel properties, The 13 Hotel and Casino, has been listed for sale once again as the city experiences renewed momentum in tourism and gaming.
Situated in the Coloane district, the 22-storey luxury hotel was previously valued at $309m (HK$2.4bn) and is now up for public tender through global real estate firm JLL, with a bidding deadline set for 19 May.
The project cost an estimated $1.3bn and features 199 rooms ranging from 1,800 to 5,000 sq ft, including three villa-style suites measuring 10,000 sq ft each.
Notable amenities include private lift access, spa facilities and parking for nearly 200 vehicles.
Despite its grandeur, the hotel has faced financial hurdles. Held by South Shore Holdings, the property fell into insolvency, leading to the delisting of the company from the Hong Kong Stock Exchange in 2023.
The current sale is the second attempt by creditors to find a buyer, after an initial tender in March 2024 failed to secure a deal.
Now under the management of JLL, The 13 has secured a renewed five-star deluxe hotel licence and has been partially restored.
Good to know: Originally developed by Hong Kong businessman Stephen Hung in 2012, The 13 was envisioned as the “world’s most luxurious casino resort”
Mark Wong, senior director at JLL Macau, noted growing investor interest amid a strong post-Covid recovery. Macau recorded 35 million visitors in 2024, with tourism from mainland China up 29%, helping to push hotel occupancy rates to 86.4%.
Wong went on to state: “With excellent transport links, including a nearby railway station just three minutes away, the property’s potential for appreciation is further enhanced.
“The opportunity to acquire the entire hotel is exceptionally rare in the market and is expected to be highly sought after by investors.”
