Shamrock, Bruce Lee’s favorite hotel and family in the 50’s, will close after almost 70 years of existence. Launching the South China Morning Post page, Saturday, June 6, 2020, conditions later became the cause of this tough decision taken.
A Hong Kong demonstration that has been going on for several months leaves two out of every three hotel rooms vacant. The nine-story hotel between Bowring and Nathan is said to be officially closed on June 14.
With a total of 160 rooms, the hotel failed to find a buyer when it was first sold in 2018 for 387 million US dollars. “So it is more difficult (to find buyers) for hotels that incidentally cannot operate now,” said Vincent Cheung from Vincorn Consulting.
Hong Kong is one of the Asian countries with the most loss in its accommodation business in the first quarter of 2020, as a result of travel bans and lockdown rules to break the chain of COVID-19 distribution.
The average price per night in various types of hotels in Hong Kong even though it has been deliberately discounted up to 41.5 percent.
Shamrock Hotel is a business owned by a businessman specializing in hotels from China when it first opened in 1952. Restaurants on the ground floor and cafes on the top floor are said to be very popular among celebrities and locals.
Teenager Bruce Lee used to enjoy afternoon tea in the hotel restaurant which was then closed in 2015. Now, the rate per night of the hotel is priced at 400 Hong Kong dollars.
An area of 800 square meters can be expanded to six thousand square meters, considering that there is a lot of space that has not been utilized, and can even reach 10 thousand during massive renovations.