Touted as one of the world’s most expensive hotels, The 13 Hotel and Casino in Macau has been put up for sale again by its creditors, as a tourism boom looks to lift overall business in the world’s largest gaming hub.
Formerly owned by Hong Kong businessman Stephen Hung who appeared on the Netflix show Bling Empire , the 22-storey lodging located in Macau’s southernmost district of Coloane was estimated to be worth HK$2.4 billion (US$309 million) last year when it was first launched for tender.
The deadline for the new public tender for the 199-room hotel is May 19, according to JLL. The asset, which features a striking red facade, is currently held by a bank, according to the property consultancy.
“It’s a super-luxury hotel,” said Mark Wong, senior director at JLL in Macau. “The hotel market is recovering after the Covid-19 pandemic , and tourists are coming back quickly.”
This sale would mark the second attempt by the undisclosed lender to find a buyer for The 13 Hotel and Casino, following a similar tender in March 2024.
Hopes for a successful tender appear to be high this time. The hotel’s sale has generated “many inquiries already”, Wong said.