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InterContinental Hong Kong: Inside Asia Pacific's Biggest Ever Hotel Sale

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The sale of the InterContinental Hong Kong represented one of the most exceptional hotel transactions this century – for both buyer and seller.

JLL brokered the sale with a consortium of investors put together by Gaw Capital. The transaction resulted in a deal valued at US$938 million, representing the largest single hotel transaction ever in Asia Pacific and the second largest in the world. At a price per key of US$1.87 million, the sale was the highest ever price per key paid for a single asset in Asia.

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Internationally acclaimed as one of the world’s top hotels for business and leisure, InterContinental Hong Kong has always been prized for its unrivalled views of Victoria Harbour and Hong Kong Island.

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Whether you’re gazing over the skyline from the Club InterContinental Lounge or landmark-spotting from your suite, all of Hong Kong is literally at your feet.

But the views are not the only draw, the Asia-Pacific flagship for InterContinental Hotels Group is also renowned for its impeccable service, luxurious accommodation (including Asia’s most spectacular Presidential Suite) and world-class restaurants, which include SPOON by Alain Ducasse and NOBU InterContinental Hong Kong.

The hotel features 498 contemporary guest rooms, including 87 harbourview suites, all of which have high-speed broadband internet access, SHARP LCD televisions, BOSE DVD/CD home entertainment sound systems with iPod docking stations and 24-hour butler service and in-room dining. Other "around-the-clock" services include 24-hour Concierge and business services.

The hotel's stunning Presidential Suite is one of the most spectacular in Asia and the largest in Hong Kong at 7,000 square feet with a 2,500 square feet terrace with an infinity swimming pool overlooking Victoria Harbour and Hong Kong Island. There are also two specialty suites (The CEO Suite and Terrace Suite), both with large outdoor terraces and Jacuzzis overlooking Victoria Harbour.

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The hotel is also an urban resort with a large outdoor swimming pool and a unique trio of infinity spa pools overlooking the harbour. The luxurious I-Spa, with its feng shui inspired ambiance, is Hong Kong's ultimate spa retreat with private spa suites, each with its own Jacuzzi, sauna, steam shower and massage facilities. The Fitness Centre is open 24-hours.

Dramatic dining options include two celebrity restaurants - NOBU InterContinental Hong Kong and the 1-Michelin star SPOON by Alain Ducasse, plus the 2-Michelin star Yan Toh Heen (for Cantonese cuisine), the THE STEAK HOUSE winebar + grill and Harbourside (popular for its extensive international buffets).

The Lobby Lounge is renowned for its spectacular panoramic views of Victoria Harbour and Hong Kong Island. Drinks, snacks, afternoon tea or evening cocktails here with the Hong Kong skyline as the dramatic backdrop is a magical experience.

The InterContinental Ballroom (Hong Kong's largest) and 11 harbourview function rooms, offer "Events with Style" and "Meetings to Inspire".
DINING
InterContinental Hong Kong has five outstanding international restaurants, all with superb harbourviews, plus four bars / lounges, a Pool Terrace which serves breakfast and all-day snacks (for guests in residence), and 24-hour in-room dining.

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SPOON by Alain Ducasse: Recipient of 1-Michelin Star in the 2016 Michelin Guide (Hong Kong & Macau) and Five Stars from the Forbes Travel Guide 2016, SPOON by Alain Ducasse features contemporary French cuisine inspired by Alain Ducasse, renowned as one of the world’s top chefs. SPOON is an exciting combination of cuisine, décor, and service, which creates a modern and innovative experience for diners.
THE PRESIDENTIAL SUITE
The Presidential Suite, at 7,000 square feet, is the largest suite in Hong Kong and one of the most spectacular in Asia. It was named one of the World's Sexiest Penthouses by Concierge.com. The Suite features a duplex living room, five bedrooms, a dining room, private gym, and study. Most amazing is the suite's 2,500 square foot terrace with a rooftop infinity swimming pool with IMAX views of Victoria Harbour and Hong Kong Island. The Presidential Suite butler is on call 24-hours to attend to guests' every wish.

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The hotel also has two specialty suites, the CEO Suite and the Terrace Suite, which have outdoor terraces with white marble infinity-edge Jacuzzis and sexy double-loungers – ideal for sipping champagne and taking in the dramatic Hong Kong skyline. There is no better way to experience the high life of Hong Kong.
THE GRAND BALLROOM
Designed by Franceso Sacconi, the award-winning ballroom at the InterContinental Hong Kong was the first project to be crafted with a form-finding design approach in order to create, control and prefabricate complex and innovative forms.

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Images and content from InterContinental Hong Kong: hongkong-ic.intercontinental.com

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Article originally posted at: https://theurbandeveloper.com/articles/intercontinental-hong-kong-inside-asia-pacifics-largest-hotel-sale