International real estate firm Savills has been appointed as the sole agent by the vendor for the sale of No. 39 Morrison Hill Road, Causeway Bay ("The Property"). The total gross area of the Property is approximately 55,238 square feet, with a site area of about 3,112 square feet. The Expression of Interest closing date is scheduled for noon on 15 October, 2025 (Wednesday). In addition, the Property is concurrently open for whole-block leasing. The Expression of Interest closing date is scheduled for noon on 8 September, 2025 (Monday).
The Property is a 26-storey boutique hotel, with the ground floor serving as the hotel lobby and drop-off area and the first floor serving as a café. Guestrooms are located on and above the third floor, comprising a total of 98 rooms with sizes ranging from approximately 176 to 324 square feet.
The Property is ideally located in Causeway Bay, one of the most vibrant shopping, entertainment, and dining hubs in Hong Kong. It is just a stone's throw away from several major shopping malls, such as Times Square and Hysan Place. Additionally, it is approximately a 5-minute walk to the Causeway Bay MTR station and within a 15-minute drive to various universities’ campus, including the University of Hong Kong, the Hong Kong Polytechnic University, and the Hong Kong Metropolis University.
Mr. Raymond Wan, Chief Senior Director, Investment at Savills Hong Kong said, “The Development Bureau, in collaboration with the Education Bureau, will launch a pilot scheme to facilitate the conversion of hotels into student dormitories by relaxing restrictions on the repurposing of commercial properties. The market has responded enthusiastically to this initiative. This Property stands to benefit from this policy, as its hardware facilities and supporting infrastructure are specifically tailored for young students, making it highly suitable for conversion into student dormitories. This will save buyers significant time and costs associated with renovation or refurbishment, and is expected to attract strong interest from a wide range of investors, institutions, operators, and private equity funds.”