Swire Hotels will open an ultra-luxury hotel under The House Collective brand in Shenzhen in 2025, further strengthening the Company's hotel management arm. The Company's first venture into the Shenzhen market will offer 115 guestrooms and 44 serviced residences with stunning views of the Shenzhen Bay. Strategically located at less than a five-minute drive from the "Shenzhen Bay Super Headquarters Base" and Qianhai Cooperation Zone, the Hotel will be part of a premium mixed-use development comprising Grade-A office towers and an events and exhibition space.

Tim Blackburn, Chief Executive of Swire Properties and Chairman of Swire Hotels, said the Company will continue to seek out investment opportunities and develop a strong pipeline of projects as part of its HKD100 billion investment plan.

Toby Smith, Deputy Chairman of Swire Hotel, said that Swire Hotels has been ramping up efforts to expand The House Collective and EAST Hotel brands in the region, including the management of hotels under third-party ownership.