SHUN TAK Holdings, a household name in Hong Kong and Macau, is planning to establish its own hotel brand and management.
It is understood the brand would appeal to outbound Chinese tourists worldwide.
When asked why Shun Tak was keen to run hotels, managing director Pansy Ho told TTG Asia e-Daily: “If we are going to continue to build and invest in Macau or outside – and we all hear how Asia-Pacific, especially China, is going to grow – eventually there will be a market for it.”
“We figure we probably will not be able to build as quickly as we can in providing the know-how in managing hotels through our accumulated experience of over 50 years in servicing huge numbers of Chinese customers. We have that database and understanding of Chinese customers, so it is probably a good time to start the service,” said Ho, in an interview on the sidelines of PATA Annual Summit in Bangkok last month.
Ho added: “We’re setting up (management services) now. We have not gone down to the last details; we are beginning to amass a professional team of people.
“We will make an announcement soon and maybe (management operations will be up and running) within a year.”
Shun Tak’s core businesses are transportation, property, hospitality and investments, with a strong presence in Macau where it owns or has stakes in, among others, TurboJet, Macau International Airport, Air Macau, Macau Tower and One Central Macau, a mixed-use development that includes the Mandarin Oriental, Macau.
The group also controls 100 per cent interest in the Cotai project and is the sole developer of the site. It is building a Jumeirah hotel there and is exploring “the possibility of building two or three hotels in that same complex,” said Ho.
The company has started to expand into China. Last month, it acquired a project in Beijing Dong Zhi Men district comprising office and hospitality components. It also has participation in Beijing’s Tongzhou Integrated Development Phase 2.
– Read how Ho envisions Macau’s future, TTG Asia, March 31, 2013