(Hong Kong – 24 Nov 2011) Ocean Park announces that the current tender process for the Development of Fisherman’s Wharf Hotel at TaI Shue Wan and Ocean Hotel at the Ocean Park Main Entrance has ended today. After detailed assessment, Ocean Park considers that some of the terms proposed in the Tender Offer were not in the best interest of parties concerned. Ocean Park is considering the way forward of the hotel development project, including the possibility of a retender. Further details will be announced in early 2012.
Ocean Park is Hong Kong’s premier marine-themed park and a major tourist attraction. The proposed hotel development will create synergy with the Park to enhance visitors’ experience. In the long run, it will enable Ocean Park to stay competitive in the region.