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Hong Kong golf fanatics property firm buys five-star St Andrews hotel

Date:2019-12-16Source: Official Site:http://www.27eu.com ReadingNumber: Times

The five-star Fairmont St Andrews hotel has been bought by Hong King-based investors specializing in golf developments.

It is the first investment for Great Century, which is a partner of Hong Kong property firm Lai Sun Group. The new owners have bought holding company, St Andrews Bay Development Limited for an undisclosed sum.

Fairmont, a brand of international hotel group Accor, will continue to manage and operate the hotel under a long-term agreement.

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