Annual Report 2019

Property Rental Business The Group’s property rental business recorded a steady performance in 2019 with revenue of HK$913 million and EBITDA of HK$798 million, representing a slight drop of 0.1% and 1.1% respectively compared to the prior year. FASHIONING WITH BOUNDLESS INNOVATIONS Management Discussion and Analysis Miramar Hotel and Investment Company, Limited Annual Report 2019 013