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A Hong Kong hotel has been put up for sale by Nanyang Commercial Bank for HK$1.87 billion after being taken over, reflecting a trend of converting hotels into student dormitories.
Hotel Cozi Harbour View in Kwun Tong, Hong Kong, announced an open tender last month, with a deadline of October 15. The 598-room hotel, located on the eastern Kowloon Peninsula, was taken over by Nanyang Commercial Bank in 2025 for HK$1.87 billion (approximately US$238.4 million), and the bank is now seeking to sell it to the highest bidder. This move comes amid a growing trend in Hong Kong to convert hotels into student accommodation.
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Source：SCMP商业 · Source Link
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