Harbour Centre Development Limited ("Harbour Centre", stock code: 0051) is a listed subsidiary of Wharf Real Estate Investment Company Limited ("Wharf REIC", stock code: 1997), with hotel and property investments as its core business.
Flagship assets comprise Marco Polo Hongkong Hotel (“MP Hong Kong”), The Murray, Hong Kong, a Niccolo Hotel ("The Murray") and Niccolo Suzhou. Strategically located in Harbour City in Tsim Sha Tsui, MP Hong Kong has long been a core operating asset for over 50 years. The Murray, a luxury hotel at a prominent location in Central and part of the "Conserving Central" Initiative, opened in 2018. Niccolo Suzhou, which comprises 233 contemporary and chic guest rooms including 20 suites, opened in Suzhou, China in April 2021.
Exit from Development Properties in mainland China is at an advanced stage. With only slow-moving, unsold stock left, revenue and profit contribution will be erratic and not significant in coming years.