Investors Scour Hong Kong Hotels for Student Dorms, Rentals
- Hotels are being converted as city seeks to attract talent
- Rare bright area during Hong Kong’s property downturn
In Hong Kong’s relentless property downturn, there is one bright area for investors: buying hotels and converting them into student housing or rental units.
AEW Capital Management and PGIM Real Estate are among firms that have acquired hotels in the city after prices dropped during the pandemic, just as the government began a drive to attract tens of thousands of foreign students and talent.
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Investors Scour Hong Kong Hotels for Student Dorms, Rentals