China Resources Subsidiary Acquires Hong Kong Hotel for Student Housing Project

China Resources subsidiary CR Longdation bought the four‑star Hotel Cozi Oasis in Kwai Chung for HK$953 million, marking the year’s largest hotel transaction. The firm will convert the property into student housing, creating about 900 beds to meet rising demand. The move follows Hong Kong’s policy raising the non‑local student cap to 50%, spurring a wave of hotel‑to‑housing conversions. The deal underscores a broader shift toward education‑linked real‑estate assets in the city’s tight property market.

Source: South China Morning Post — M&A (topic)