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B Corp Certification signals companies that ‘walk the sustainability talk’ and Hong Kong has 25 of them – but only one hotel. Why aren’t more falling over themselves to get the big ‘B’?
The amount fell by more than a fifth from the same period a year ago to US$21.3 billion, the lowest figure since the second quarter of 2010, according to a report by property consultancy JLL.
Investment in Hong Kong commercial property this year is likely to fall 65 per cent year on year to HK$26 billion (US$3.33 billion), a 15-year low, as a slow economic recovery in the city and mainland China as well as elevated interest rates weigh on sentiment, Colliers says.
Rental housing operator Weave Living is in due diligence on the purchase of the Hotel Cozi Harbour View and Hotel Ease Mong Kok in Hong Kong.
Mr. Alfred Chan, bringing over 30 years of experience in the hospitality industry, including leadership roles in Metropark Hotel Kowloon and Kew Green Hotel Wanchai, and management positions in various sizeable hotels, assumes the position of Group General Manager - Hotel Operations & Brand Development of Hotel Ease, Hotel Ease Access and Minimal Hotels (total 10 hotels with 930 guestrooms).