Originally Posted by
schriste
Interesting question... for those that might know what % of operating costs go to covering the mortgage in luxury properties? How has this changed over the decades?
I haven’t had a chance to dig in, but for those interested, Hongkong and Shanghai Hotels is a public company (owner of Peninsula hotels) their annual report would be a good read.
On first glance, the overall company is profitable (in 2019). The results also includes some office space and retail.