BUSINESS REVIEW WHARF HOTELS BUSINESS REVIEW WHARF HOTELS Currently, the Group operates and develops 19 hotels in the Asia Pacific region through Marco Polo Hotels and the new luxury brand Niccolo, six of which are owned by the Group and five are under development. Operates and develops 19 Hotels The exciting expansion of this portfolio continues with a solid pipeline of new hotels over the next few years. These new hotels include a prominent collection of contemporary urban chic ‘Niccolo’ hotels which redefine luxury experiences, styles and tastes for global travelers. They truly represent an elevated level of understated luxury, exquisite design and impeccable hospitality. THE MURRAY HONG KONG 56 The Wharf (Holdings) Limited Annual Report 2016 In Hong Kong, the Group is in full swing to convert the former landmark Murray Building into The Murray, a 336-room Niccolo hotel in Central. As a prominent part of the Government’s Conserving Central initiative, this sophisticated urban chic hotel will breathe new life into the historic building and is scheduled to open in late 2017. It will become an iconic luxury hotel befitting the city’s most prestigious visitors, serving the business community, and establishing the new epicenter for events and celebrations. The Wharf (Holdings) Limited Annual Report 2016 57 BUSINESS REVIEW WHARF HOTELS NICCOLO MARCO POLO Niccolo Chengdu, which opened at Chengdu IFS in 2015, signaled the start of a new era of the hotel group’s brand extension. This first Niccolo rapidly emerged as the city’s market leader for room yield in just a year since opening. It has clinched a host of coveted distinctions, including “Best Business Hotel in Southwest China” at the 9th TTG China Travel Awards, affirming the success of the brand evolution. Outside China, Marco Polo Ortigas, Manila, earned the prestigious honour of Forbes Five-Star Hotel for its solid hospitality excellence, becoming one of the first recipients since Forbes opened its doors to Manila hotels. Niccolo Chengdu sets a good model for the three Niccolo hotels under development at the IFS complexes in Chongqing, Changsha and Suzhou, which are progressing to plan. Hong Kong China Marco Polo Hongkong Hotel Gateway Hotel Prince Hotel Marco Polo Parkside, Beijing Marco Polo Changsha* (2019) Marco Polo Changzhou Marco Polo Lingnan Tiandi, Foshan Marco Polo Jinjiang Marco Polo Shenzhen Marco Polo Wuhan Marco Polo Xiamen The Philippines Niccolo Changsha* (2017) Niccolo, Chengdu Niccolo Chongqing* (2017) Niccolo Suzhou* (2018) 58 The Murray, Hong Kong* (2017) * under development The Wharf (Holdings) Limited Annual Report 2016 Marco Polo Plaza, Cebu Marco Polo Davao Marco Polo Ortigas, Manila * under development The Wharf (Holdings) Limited Annual Report 2016 59
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