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.