Hotel COZi Resort Tuen Mun in New Territories for sale

The 14 storey property has 430 rooms and has a 90% occupancy rate.

Hotel COZi Resort Tuen Mun is up for sale for an undisclosed amount, according to its joint sole agents Colliers and Knight Frank.

The 14-storey property was built in 1982 and was recently revamped in 2019. It has a gross floor area of 227,107 sqft, spread across 430 rooms and 23 parking spaces.

The hotel currently has an occupancy rate of 90% and features shops, restaurants, meeting rooms, a children’s playroom, and an outdoor swimming pool.

Hotel COZi Resort Tuen Mun is located at the intersection of King Fung Circuit and Tsun Wen Road in Tuen Mun. It is three minutes away on foot from the MTR Tuen Mun station, and has a public transport interchange and a cross-border bus terminus in close proximity.

It is also a 15-minute drive from Shenzhen Bay Port, and a 20 minute drive to the Hong Kong-Zhuhai-Macao Bridge Hong Kong Port and Hong Kong International Airport via Tuen Mun Chek Lap Kok Tunnel.

Multiple en-bloc hotel transactions were notably recorded in the area over the past two years, including the sale of “Hotel Sav” at 83 Wuhu Street, Hung Hom by Chuang's Consortium International Ltd for $1.65b, the acquisition of Bay Bridge Lifestyle Retreat in Tsuen Wan by Magnificent Hotel Investments for $1.42b, and the acquisition of Rosedale Hotel Kowloon in Tai Kok Tsui by the international group WEAVE LIVING specialising in co-living studios for $1.375b.

Hotel COZi Resort Tuen Mun is also adjacent to a large scale composite development site of over 2.07 millon sqft., previously the KMB depot, with future plans for three large scale commercial buildings and retail malls, according to Colliers and Knight Frank.