Gold prices soar, hotels dismantle floor tiles for sale

Dương Đông |

China - The Grand Emperor Hotel in Macau dismantled the gold floor tiles in the lobby and sold them, earning millions of USD amid sharp gold prices.

The Grand Emperor Hotel opened in 2006, famous for its entrance likened to a "golden road", where gold bars are displayed under the floor. The hotel has used 78 gold bars, made from 999 gold imported from Switzerland. Each bar is numbered separately, creating a luxurious and luxurious space right from the lobby.

However, Emperor Entertainment Hotel Limited - the parent company of the hotel based in Hong Kong (China) said that although gold bars create a luxurious space, the current high gold price situation opens up favorable opportunities for liquidation.

Cận cảnh thỏi vàng trang trí ở sảnh khách sạn. Ảnh: Emperor Hotel
Close-up of gold bar decorations in the hotel lobby. Photo: Grand Emperor Hotel

The business sold a total of 79 kg of gold to a unit in Hong Kong (China), earning about 12.8 million USD - a large profit compared to the initial investment of about 1.2 million USD to buy decorative gold. The business believes that the deal will help consolidate its financial position and create room for appropriate investments in the future.

This move took place when Grand Emperor closed the casino from October 2025, in the context of Macau under pressure to diversify its economy and many entertainment establishments shifting their operations. The hotel lobby paved with solid gold tiles is also in the renovation plan, so materials that were once design highlights are considered no longer suitable for the new direction.

Cỗ xe ngựa dát vàng bên ngoài khách sạn. Ảnh: Khách sạn Grand Emperor
Gold-plated carriage outside the hotel. Photo: Grand Emperor Hotel

This 4-star hotel has more than 300 rooms, priced from 2.5 million VND per night. Not only does the reception hall have gold-plated bricks, the hotel also displays a gold-plated horse-drawn carriage at the main entrance, with a design showing the exquisite handicraft skills of 18th-century European artisans.

World gold prices have increased sharply in the past year, as investors seek safe haven assets amid instability in US trade and tariff policies.

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