‘Shop King’ Tang Shing-bor’s family sells Hong Kong hotel at throwaway price
Hong Kong developer Wang On Properties and US investment firm Angelo Gordon have jointly acquired a hotel in Mong Kok from the family of the late “Shop King” Tang Shing-bor for around a third of the original price.
The 199-room Hotel Ease Mong Kok on 60 Portland Street was bought by a joint venture between Wong On subsidiary Prime Resonance and Angelo Gordon-managed ADPF Oregon, according to a filing to the Hong Kong stock exchange on Thursday.
The joint venture would be committing about...
