Struggling 13 Hotel Looks for a New Owner following Unfruitful 2024 Acquisition Bid
Having Trouble at the Casino: A Tale of THE 13
By: Lucas D (D for Dauntless) 04/21/2025 03:59 World Photo by Pxhere, CC0 1.0
Highlights
- The original developer of THE 13, South Shore Holdings, suffered financial problems and was removed from the HKEX in 2021.
- Delays in construction hindered the initial vision for a VIP gaming haven.
- The property's prime location offers a ray of hope for potential buyers.
Meet Lucas, a tireless wordsmith hailing from the Garden State. With a portfolio brimming with casino, software provider, and game reviews, news, and blogs, his androgynous name has graced the screens of clients across the globe - from the US to the UK, New Zealand to Australia, South Africa to Canada. This multi-talented, six-year industry veteran started his journey at Rutgers University, pursuing a bachelor's degree in psychology. Once he got bored of textbooks, he channeled his innate creativity into paint, stepping into the artistic footsteps of his father. Today, Lucas switches between the worlds of words and watercolors, working full-time as a writer and occasionally picking up a brush.
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Recently, there's been a surprising turn of events for THE 13, a casino development project in Macau. After encountering financial troubles and collapsing in 2021, the initial developer, South Shore Holdings, was tossed from the HKEX. Post-bankruptcy, THE 13 Hotel - a 22-story, 199-room, five-star establishment - has found its way back onto the real estate market for sale, as of April 2025. The property, nestled south of Macau's Cotai Strip, sits in a location ripe with potential for buyer interest.
As of now, the global real estate brokerage company Jones Lang LaSalle (JLL) manages the hotel operations, acting as an intermediary for the creditors who financed the construction. Following a partial restoration, the hotel is now gleaming once again. Furthermore, the recent expansion of the Light Rail Transport south of the Cotai Strip has enhanced the property's accessibility, with THE 13 now just a three-minute walk from the newly constructed station (3).
In a nutshell, THE 13 remains unclaimed and poised for sale, with JLL taking care of the management in the interim on behalf of the creditors. Operating as a fully-fledged casino resort is not yet in the cards, as the property awaits a lucky buyer.
[1]: Some rare insight here[2]: A bit more context[3]: An interesting detail or two for good measure
- The copywriter, Lucas D, revealed that THE 13, a casino development project in Macau, has revitalized in 2025, making its way back onto the real estate market after the initial developer, South Shore Holdings, was removed from the HKEX in 2021.
- Despite the initial financial troubles and collapse of South Shore Holdings, the newly refurbished THE 13 Hotel, nestled south of Macau's Cotai Strip, offers an attractive location for potential buyers, with the Light Rail Transport expansion enhancing its accessibility.
- It's free spins for real estate investors as the sale of the unclaimed THE 13, now managed by global real estate brokerage company Jones Lang LaSalle (JLL), presents an opportunity ripe with potential, waiting for a lucky buyer to step in.
- The strategic positioning of THE 13, combined with the recent infrastructure development, has the potential to significantly boost investments in the real estate industry – a fact that savvy investors might want to take note of, especially in the post-2025 financial market.
- In the swirling world of finance, investing in real-estate projects with potential like THE 13, may prove to be a prudent choice, while awaiting future developments in the casino and gaming industry.
