WeWork in Talks to Rent in Heart of Hong Kong Bar Zone
- Co-working startup is said to be close to renting Hotel LKF
- Boutique hotel is located in city’s popular nightlife spot
The bar district of Lan Kwai Fong.
Photographer: Lam Yik Fei/BloombergThis article is for subscribers only.
WeWork Cos., the co-working space company that’s among the world’s most valuable startups, is in advanced talks to rent a building in Hong Kong’s popular nightlife district near the city’s business center, according to people familiar with the matter.
The New York-based firm is seeking to rent Hotel LKF by Rhombus on Wyndham Street, said the people, who asked not to be identified because the information hasn’t been publicly disclosed. The boutique hotel, located in the Lan Kwai Fong district that’s known for its bars and nightclubs, closed down on July 1 and will be converted into an office building by the middle of next year, the owner Peterson Group said in June.