THE 13 Hotel Reopens Amid Macau Renovations

The troubled Macau hotel THE 13 reopened less than four months after going up for sale.

The Macao Government Tourism Office (MGTO) reports that THE 13 Hotel is back in operation, with every room reserved through the end of September. Reservations for dates following September are now unavailable and may only be made by phone or in person, not online, the hotel staff informed IAG.

The 199 hotel rooms on the property are not all available, according to a report published on Monday by TDM-Rádio Macau. This is because part of the rooms is currently undergoing renovations, which will cause THE 13 to close in 2020.

THE 13 Hotel, which is situated in Coloane, south of the Cotai Strip, has been granted a license to operate as a five-star luxury hotel until December 31, 2024. The lodging requested a revision to the Repair/Maintenance Works (Modification) Plan from the Land and Works Bureau in order to start up again. There have been more lights on in the hotel lately, according to witnesses.

THE 13 was once designed by previous Chairman Stephen Hung with the goal of being an opulent hotel with 66 VIP gaming tables for Macau’s rapidly expanding VIP market in the early 2010s. However, the facility, which cost a total of US$1.6 billion, opened in September 2018 without gaming facilities and with numerous incomplete rooms due to financial issues and building delays.

The Macau Court of First Instance declared The 13 Hotel Management Company Limited bankrupt in February 2023. Jones Lang LaSalle was given charge of the property’s sale, which began in March 2023 with an asking price of HK$2.4 billion. 24 companies reportedly showed interest.

In October 2021, the former owner, South Shore, declared bankruptcy and suspended all activities following the issuance of a statutory demand by a lender for the payment of HK$3.28 billion (US$423 million) in unpaid debts and interest, or risk having a winding-up petition filed against it.

After resigning in October 2022, longtime chairman Peter Coker Jr. was detained in Thailand in January 2023 on charges of stock market manipulation brought against him by the US Department of Justice.

Original Story by: IAG