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MIRAMAR HOTEL Sustains 90%+ Occupancy Rate in 1H25, Says Martin Lee
Martin Lee, Chairman and CEO of MIRAMAR HOTEL (00071.HK), revealed that the hotel business was not bad in 1H25 as it maintained an occupancy rate of over 90%.Regarding the room rat...
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MIRAMAR HOTEL Sustains 90%+ Occupancy Rate in 1H25, Says Martin Lee
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Martin Lee, Chairman and CEO of MIRAMAR HOTEL (00071.HK)  +0.100 (+1.015%)    Short selling $29.67K; Ratio 1.661%   , revealed that the hotel business was not bad in 1H25 as it maintained an occupancy rate of over 90%.

Regarding the room rates, they were similar to the same period last year, with only a slight decrease of several tens of dollars in 1Q, though major events could drive room rate growth by 20-30%, Lee added.

Related NewsBOCOMI Sees Signs of Stabilization in CN Property Mkt, Expects HK Home Prices to Grow 3% in 2H25
In response to MIRAMAR HOTEL minority shareholders' rejection of the purchase of Champagne Court from HENDERSON LAND (00012.HK)  +0.400 (+1.646%)    Short selling $33.62M; Ratio 14.409%   earlier, Lee, who is also serving as HENDERSON LAND's chairman, noted that reconstruction efforts will continue, and converting it into a hotel is one of the options under consideration.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-06 16:25.)

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