Una Ge and Patrick Bance of AlixPartners, in their capacity as the appointed Joint and Several Receivers and Managers, have appointed international real estate firm Savills as sole agent for the tender sale of the Sheraton Hong Kong Tung Chung Hotel and Four Points by Sheraton Hong Kong, Tung Chung, located at No. 9 Yi Tung Road, Tung Chung, Hong Kong (the "Property"). The formal tender is expected to close by end of August 2026.
Appointed by a syndicate of lenders, AlixPartners has assumed responsibility for leading the transaction process following constructive discussions with, and the full cooperation of, the borrower and the hotel manager. With the assistance of Savills, the appointment of the Receivers is designed to provide greater execution certainty for prospective buyers and to offer a structured and viable path towards the successful completion of the sale.
A Trophy Asset of Unparalleled Distinction
With 1,219 guest rooms, the Property stands as the third largest hotel in Hong Kong by room count, an extraordinary dual-branded complex under Marriott’s operation, housing both Sheraton and Four Points by Sheraton. With a gross floor area of approximately 610,000 square feet and completed in 2020, this configuration is virtually without precedent and represents a scale of institutional-grade hospitality that is simply irreplaceable.
The Property has demonstrated robust operating performance, achieving a blended occupancy rate of close to 85% in Q1 2026. Both hotels consistently rank among the highest-rated properties on major OTA platforms including Expedia and Trip.com, outperforming the competing hotels within the Airport City.
Beyond its impressive room count, the Property offers a full complement of five-star facilities including dining venues, a sunset pool and fitness centre. It is also home to one of Hong Kong’s largest event venues: a soaring 13,300 square feet column-free Grand Ballroom, complemented by function rooms and a lush outdoor garden, making it a premier destination for weddings and MICE events throughout the region.
SKYTOPIA: A Transformational Uplift at The Hotel’s Doorstep
In a development that materially enhances the investment proposition, the Airport Authority Hong Kong has announced SKYTOPIA, a landmark waterfront resort and lifestyle precinct to be developed immediately in front of the Property. The centrepiece is an exciting new marina, yacht bay and water sports centre that will animate the waterfront with a world-class leisure and resort experience directly accessible to hotel guests. Alongside this, the expansion of AsiaWorld-Expo Phase 2 will substantially increase the volume of business, MICE and entertainment demand flowing to the area. Together, these developments are expected to generate significant and sustained uplift in asset value and revenue potential for the Property over the medium-to-long term.
Quotes
Ms. Una Ge, Partner and Managing Director at AlixPartners and the Joint and Several Receiver, commented: "We are pleased to have been entrusted by the lenders, and we have received the full cooperation of key stakeholders, to lead this transaction. The receivership appointment provides transaction certainty and a structured, viable path to a successful sale. The Hotels' day-to-day operations remain fully uninterrupted. With the assistance of Savills, we look forward to running a competitive and well-structured process."
Mr. Raymond Lee, Chief Executive Officer at Savills Greater Chinasaid, “This is a genuinely rare offering — the third largest hotel in the city, dual-branded with Marriott standard, all under one roof. During the previous rounds of EOI, the Property attracted a number of serious, well-capitalised buyers, and we have been in substantive discussions with several of them. The Receivership appointment of AlixPartners brings clarity and decisiveness to the process. With an exceptional asset of this calibre, I am expecting the transition of ownership will be confirmed very soon.”
Mr. Godfrey Cheng, Deputy Senior Director, Investment CEO Office at Savills Hong Kong said, “This asset is more attractive today than at any previous point. Recovering visitor arrivals and SKYTOPIA’s world-class marina and water sports area directly in front of the hotel — each of these factors strengthens the investment case, and together they create a compelling story for long-term value creation. To ensure this exceptional asset receives the global attention it deserves, Savills will assist the Receivers in conducting roadshows in the coming months, bringing the opportunity directly to investors across the globe. We are expecting a competitive tender process.”
Learn more about the property: https://sheraton.sav.deals/en