The 13 Lodge, a luxurious property in Macau lengthy related to monetary troubles and unfulfilled ambitions, has reportedly been offered after a number of unsuccessful sale makes an attempt. Whereas the client’s identification and ultimate transaction worth stay below wraps as a consequence of a Non-Disclosure Settlement, reportedly the sale worth was HK$400 million (US$51 million)—a major drop from its unique HK$2.4 billion (US$309 million) asking worth.
From grand on line casino dream to monetary collapse:
Actual property agency Jones Lang LaSalle (JLL), performing because the joint sole agent within the transaction, had beforehand overseen two failed bidding rounds—one held in 2023 and one other between April and Might 2024. Earlier makes an attempt drew substantial curiosity, with over 20 potential consumers reportedly expressing curiosity, however not one of the talks led to a sale.
Initially developed as an ultra-luxury resort and on line casino venture, The 13 was conceived by flamboyant Hong Kong businessman Stephen Hung. His imaginative and prescient was to rework the property right into a lavish haven for Macau’s elite VIP gaming section, together with 66 gaming tables and opulent interiors.
Regardless of the grand imaginative and prescient, the resort’s path was riddled with obstacles. After years of development delays and shifting regulatory situations in Macau’s gaming sector, The 13 opened in September 2018, with none on line casino services and with components of the resort nonetheless unfinished. Its father or mother firm, South Shore Holdings Restricted, revealed in 2021 that it had ceased operations following a statutory demand to repay HK$3.28 billion (US$410 million) in loans and curiosity. The corporate was declared bancrupt.
Additional compounding the resort’s woes, its operational arm, The 13 Lodge Administration Ltd, filed for chapter in Macau in 2023. Possession of the resort’s website was subsequently transferred to Financial institution of Communications Macau Department, the first creditor, as confirmed by company filings reviewed by Macau Information Company (MNA).
Reopening and licensing updates:
As revealed on Macau Enterprise’ web site, the 13 briefly suspended operations in 2020, however resumed exercise in 2024 following the renewal of its five-star deluxe resort license from the Macau Authorities Tourism Workplace (MGTO). That license has since been prolonged via the top of 2025.
Though the resort is listed with 196 visitor rooms—ranging in measurement from 1,800 to five,000 sq. ft—it additionally contains three lavish villa-style suites, every overlaying 10,000 sq. ft. Facilities on website embrace a spa, a health heart, eating places, and parking services. Nevertheless, throughout its reopening in 2024, not all 199 rooms have been purposeful, and each eating places remained shut for upkeep.
Studies counsel that extra renovation work has been undertaken to deal with beforehand incomplete areas of the constructing.
