Residence on The Peak to become Hong Kong boutique hotel

George Sell By George Sell
07 September 2013 | Updated 07 September 2013

China: Hong Kong's Town Planning Board has approved the conversion of a 97-year-old residence on The Peak into a boutique hotel.

The project has been given the go ahead despite despite strong opposition from the district council. The board said it approved the project because the property owner was taking the initiative to protect the historic residence at 27 Lugard Road, and that the developer had proposed ways of compensating for additional traffic on the narrow road, a popular hiking trail.

The property will be converted into a 17-room hotel exhibition space on the ground floor and five car park spaces.

"It is clear that an owner could tear it down any time despite its proposed grade-two historic status. Under existing policy, the city is relying heavily on owners' initiative to save heritage buildings," said a board spokesman.

The four-storey residence was acquired by developer Crown Empire for HK$384 million in September 2012. The company is held by British Virgin Island-registered Ashley Pacific, which also holds the Butterfly Hotel and Serviced Apartment Group. The group is controlled by director Yau Tang-tit.

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