M1 Hotel

SOLE AGENT

M1 Hotel, 28-32 Portland Street & 112 Chun Yeung Street

Contacts

Savills Appointed as Sole Agent for the Sale of Two Hotel Properties

 

International real estate firm Savills has been appointed as the sole agent by the owner for the tender sale of two whole-block hotels: 1) M1 Hotel, Nos. 28-32 Portland Street, Mongkok, and 2) M1 Hotel, No.112 Chun Yeung Street, North Point. The tender closing date is scheduled for 24 November 2025 (Monday) at noon.

 

M1 Hotel, Nos. 28-32 Portland Street, Mongkok

The property is a 27-storey hotel. The main entrance lobby locate on the ground floor, while the first floor features a popular Western restaurant. Guest rooms are located from the fifth floor upwards, with a total gross floor area of approximately 24,729 square feet and currently comprising 93 rooms.

Situated in a prime location in the heart of Mongkok, near Nathan Road and the bustling commercial district, the property benefits from high foot traffic from both tourists and local consumers. It is just a 2-minute walk from Yau Ma Tei MTR Station and is well-served by multiple bus routes, offering excellent transport connectivity. The surrounding area is well-developed with comprehensive amenities. The property will be sold on an "as-is" basis with vacant possession. It currently generates stable monthly income and presents long-term investment potential.

 

M1 Hotel, No.112 Chun Yeung Street, North Point

The property is a 27-storey hotel with retail space and a lobby on the ground floor. It has a total approved gross floor area of approximately 30,224 square feet and comprises 92 guest rooms, ranging in size from 151 to 238 square feet, offering a spacious feel. Located in the heart of North Point, the property enjoys a prime location. It is approximately a 5-minute walk to North Point MTR Station and around 8 minutes to North Point Ferry Pier, providing excellent transport connectivity. Situated in a popular tourist hotspot, the hotel maintains a consistently high occupancy rate. The property will be sold on an "as-is" basis with vacant possession and offers strong investment potential.

 

 

Property Highlights:

 

M1 Hotel, Nos. 28-32 Portland Street, Mongkok

  • GFA: Approx. 24,749 sq. ft.
  • Total rooms: 93(95 rooms according to BD plan)
  • 2-mins walk to Yau Ma Tei MTR Station
  • Prime location with a tranquil atmosphere, just steps from Nathan Road and the heart of Mong Kok's commercial hub
  • Student accommodation conversion with expected returns exceeding 6%.
  • Close to several universities and colleges

 

M1 Hotel, No.112 Chun Yeung Street, North Point

  • GFA: Approx. 30,224 sq. ft.
  • Total rooms: 92
  • 5-mins walk to North Point MTR Station and an interchange to TKO Line
  • Comprehensive refurbishment in 2015
  • Ideal for conversion into student accommodation, with significantly enhanced returns.

 

Property Number

  • M1 Hotel, Mong Kok

    INV202509194S

  • M1 Hotel, North Point

     INV202509201S

 

Advertising Date

09 September 2025

 

M1 Hotel Mongkok Location

 

 

M1 Hotel North Point Location