agnificent Estates is a Hong Kong-listed property developer which owns and operates three Best Western hotels and a three-star Ramada hotel in Hong Kong. The Grand Emperor, the main asset of Emperor Entertainment Hotel, is a casino-hotel near Nam Van Lake on the peninsula and is run under the gaming licence of Sociedade de Jogos de Macau SA.
Emperor Entertainment Hotel said the deadline for completion of the deal was June 20. The company said the Best Western was adjacent to popular tourist spots that would guarantee traffic.
The hotel is within a few minutes’ walk of tourist spots such as the Taipa Museum Houses and Old Taipa Village. The 17-storey, three-star hotel opened in 2005. It has a gross floor area of 208,703 square feet and 262 rooms.
Emperor Entertainment Hotel said the Best Western could have a synergy effect with its Grand Emperor casino-hotel. The company said the turnover of the Best Western had been nearly us$ 8.76 million last year.
The Best Western used to have a Mocha Clubs slot machine parlour, but the parlour closed last month because the government now bans slot machine parlours in residential areas.