PGIM Real Estate joins Mindworks-backed Dash Living to snap up $108m HK hotel

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The 148-key hotel will be redeveloped into a co-living complex to be operated by Mindworks-backed Dash Living

Hong Kong-based co-living space operator Dash Living, in a joint venture with its backer Mindworks Ventures and US asset manager PGIM Real Estate, has completed the acquisition of HK$850-million ($108 million) city hotel Travelodge Central Hollywood Road, according to various industry sources.

The property, spanning 58,000 square feet in gross floor area, will be turned into a fully-furnished apartment complex with common facilities, co-working areas, and leisure areas, per a company release.

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Printed by Unregistered user on Thu, 03 Nov 2022 05:43:35 GMT

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