Miramar Hotel and Investment Company, Limited (0071.HK) operates as an investment holding company primarily engaged in hotel operations, property rental, and property development in Hong Kong and Mainland China. The company offers hotel accommodation services through its properties including the Miramar Hotel in Tsim Sha Tsui, Kowloon; Kerry Hotel in Hung Hom, Kowloon; and LHT Tower Hotel in North Point, Hong Kong Island; serviced apartments under the Ovolo brand; and food and beverage outlets such as restaurants and bars within its hotels. It also provides property leasing services for commercial and retail spaces in properties like Miramar Tower and LHT Tower in Hong Kong, and engages in property development for sale or lease, including residential and commercial projects.
Founded in 1964 and headquartered in Tsim Sha Tsui, Kowloon, Hong Kong, the company targets leisure and business travelers, corporate tenants, and property investors primarily in the Asia-Pacific region, with a focus on Hong Kong and select areas in Mainland China. Its business segments encompass hotel operations, property investment (rental income from office and retail spaces), property development, and ancillary services like event hosting and catering. Subsidiaries include Miramar Hospitality Management Limited for hotel management and various property holding entities.
In recent developments, the company completed the divestment of its stake in a non-core property asset in late 2024, allowing refocus on core hotel and prime rental portfolios amid Hong Kong's tourism recovery. It announced a strategic partnership with international hotel chains in early 2025 to enhance operational efficiencies at its Kowloon properties through technology upgrades and loyalty program integrations. Additionally, Miramar launched a new premium serviced apartment offering under the Ovolo brand extension in mid-2025, targeting long-stay business clientele and capitalizing on inbound travel growth.