A niche Property Development Company that creates substantial capital gain and recurrent income by developing quality hotel buildings with few competitors.
Magnificent has moved away from traditional residential developments that offer limited profit margin while risk is high because of expensive land cost.
Magnificent is expert in acquiring low rise buildings in commercial district to redevelop them into quality international four star hotel buildings. With international hotel branding and experienced management, the yields are normally 12% per annum thus creating substantial capital gain.
Magnificent currently owns and operates Ramada Hotel Kowloon,
Best Western Plus Hotel Hong Kong, Best Western Hotel Causeway Bay, Best Western Hotel Harbour View, Best Western Grand Hotel, Best Western Hotel Taipa, Macau and Shanghai Magnificent International Hotel. Magnificent is developing a new hotel in western district near Central. Upon completion, Magnificent will have about
2,300 hotel rooms which becomes one of the largest hotel company in Hong Kong.