South Shore Holdings Limited

    South Shore Holdings Limited is the owner and operator of luxury hotel tower The 13, located on the Cotai Strip in Macau.

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    South Shore reports widened loss in six months to Sept 30

    South Shore Holdings Limited, operator of Macao luxury hotel The 13, reported a 15 percent widened loss for the six months ended Sept 30, despite a rise in revenue. Loss attributable to owners of the company reached HK$507 million, mainly due to an increase in finance costs, depreciation and amortization charges and hotel operation expenses […]

    South Shore sells aggregate 50 percent interest in The 13

    South Shore Holdings has announced that it has found three companies that have agreed to acquire an aggregate 50 percent interest in its luxury hotel The 13. The announcement follows nearly 10 months of talks with investors – which South Shore said would help reduce debt associated with the development of The 13, which opened […]
    The 13, Macau

    Southshore sells 40% stake in The 13

    Southshore Holdings says it has reached an accord to sell 40 percent of the company that owns Macau luxury hotel The 13 for HK$750 million ($95.6 million).
    The 13 Hotel, Macau

    South Shore 2018 loss balloons

    South Shore Holdings, the owner of the ultra high-end The 13 hotel in Macau, said its loss for the year to end March increased by about three times due to a gain in impairment losses on hotel assets, hotel operating expenses and depreciation charges.
    The 13, Macau

    South Shore Holdings loss widens on impairments

    South Shore Holdings, operator of The 13 ultra-luxury hotel in Macau, reported that its loss for the year to end-March rose to HK$5.84 billion ($742 million) from $1.57 billion the prior year.
    The 13, Macau

    South Shore flags widened loss for the year on impairment

    South Shore Holdings, operator of luxury hotel The 13 says it expects to make an impairment of HK$4.7 billion for the year ended March 31, 2019, in accordance with the latest valuation report from an independent professional valuer.  The impairment is non-cash in nature and won’t affect the company’s cash flows, it said, however, it […]

    South Shore sells iconic Rolls Royce fleet

    South Shore Holdings Limited, owner of the luxury Macau hotel The 13 has disposed of 24 of their customized Rolls Royce vehicles in an effort to pay down the group’s outstanding bank loans.  The fleet of bright red Rolls Royces Phantoms represented the single largest commission in Rolls-Royce history and was an icon of the […]

    MOU for $1.5 billion investment in South Shore gets extension

    South Shore Holdings, owner of luxury development THE 13 Hotel says it has extended the expiry date of an MOU that would see an associate of a substantial shareholder invest HK$1.5 billion ($191.2 million) into the company. South Shore said the agreement to extend the expiry date was reached on May 3 – which would […]

    Walter Power steps down from South Shore, turns non-exec director

    South Shore Holdings, owner and operator of luxury Macao hotel ‘The 13 Hotel’, has announced the re-designation of its chief executive officer, Walter Craig Power, as of May 1, 2019. According to a filing to the Hong Kong Stock Exchange, Mr. Power is no longer CEO of the company from May 1, and has been […]
    The 13 Hotel, Macau

    South Shore says no formal accord reached on gaming at The 13

    South Shore Holdings said it hasn’t yet reached a formal accord to operate gaming facilities at the ultra-luxurious The 13 Hotel, though a memorandum of understanding it reached with the affiliate of an operator remains in place. In a statement to the Hong Kong Stock Exchange, South Shore said “the entering into of a formal […]

    South Shore in talks with investor to cut debt

    Hong Kong-listed South Shore Holdings says it has entered a non-binding memorandum of understanding for an investment of as much as HK$1.5 billion ($191.2 million) to cut debt at its luxury hotel in Macau, The 13.

    The 13 receives MGTO hotel license

    The 13 is reportedly on track for its end of August opening after being issued with a hotel license by the Macau Government Tourism Office (MGTO), according to Macau News Agency. Last month, South Shore Group announced it has pushed back its expected opening date for The 13 to ‘on or before’ August 31, as […]

    The 13 to open ‘on or before’ August 31

    South Shore Holdings has pushed back the opening of The 13 to August 31, 2018, after announcing MGTO’s commencement of its re-inspection process. In a filing to the Hong Kong Stock Exchange on Tuesday, the operator of the luxury hotel The 13 said it expects the required licenses, namely, the hotel, F&B, Health Club, and […]

    MGTO finishes re-inspection of The 13

    The Macau Government Tourist Office (MGTO) has completed its re-inspection of luxury hotel, The 13, local media reports. In a written reply to Macau Business, the MGTO said it is now awaiting opinions from technical departments, but did not specify how long this will take. South Shore Group, the operator of The 13, failed its […]

    The 13 opening now expected on July 31: filing

    South Shore Holdings Limited has pushed back the opening of its new luxury hotel tower to July 31, due to ‘additional time’ needed to amend defective works at the hotel. According to a filing to Hong Kong Stock Exchange on Thursday, South Shore said the defective works were identified during the MGTO inspection for the […]
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