Hong Kong U.S.A. The Group wholly-owns and manages (through Swire EAST Miami at the Brickell City Centre development Hotels) two hotels in Hong Kong, The Upper House, a in Miami was sold to a third party in October 2021. 117-room luxury hotel at Pacific Place, and EAST Hong It continues to be managed by Swire Hotels. Kong, a 331-room hotel in Taikoo Shing. EAST Miami and Mandarin Oriental, Miami performed The Group has a 20% interest in each of the JW Marriott, well as COVID-19 stabilised, with improved revenue per Conrad Hong Kong and Island Shangri-La hotels at Pacific available room and occupancy. Place and a 26.67% interest in the Novotel Citygate and The Silveri Hong Kong – MGallery in Tung Chung. Swire Restaurants Trading conditions for the managed and non-managed Swire Hotels operates restaurants in Hong Kong through hotels in Hong Kong were adversely affected by travel its hotels. It also operates a standalone restaurant. The restrictions and the fifth wave of COVID-19. Business Upper House operates The Continental, a European recovered gradually following the relaxation of COVID-19 restaurant, at Pacific Place. EAST Hong Kong operates related measures in mid-April. Mr & Mrs Fox, a restaurant with an international menu, at Taikoo Place. PUBLIC café is a standalone restaurant Chinese Mainland at Taikoo Place. Swire Hotels manages four hotels in the Chinese Outlook Mainland, The Opposite House, a 99-room luxury hotel at The outlook for our hotels in Hong Kong remains Taikoo Li Sanlitun, EAST Beijing, a 369-room hotel at challenging due to COVID-19 and its associated travel INDIGO in Beijing, The Temple House, a luxury property restrictions. Recovery of the hotel businesses depends with 100 hotel rooms and 42 serviced apartments at on the full reopening of the border with the Chinese Sino-Ocean Taikoo Li Chengdu, and The Middle House, a Mainland. Our Chinese Mainland hotels are expected luxury property consisting of 111 hotel rooms and 102 to recover with the gradual relaxation of COVID-19 serviced apartments at HKRI Taikoo Hui, Shanghai. The restrictions. The U.S.A. hotels continue to perform well. Group owns 100% of The Opposite House, 50% of EAST The Silveri Hong Kong – MGallery in Hong Kong is being Beijing, 50% of The Temple House and 50% of The Middle opened in phases. House. The Group owns 97% of, but does not manage, the Mandarin Oriental at Taikoo Hui in Guangzhou, which We are expanding our hotel management business, with has 263 rooms and 24 serviced apartments. The Group a focus on extending our hotel brands outside Hong Kong owns 50% of another non-managed hotel, The Sukhothai, through hotel management agreements. at HKRI Taikoo Hui in Shanghai, which has 201 rooms. The performance of our managed and non-managed hotels in the Chinese Mainland was adversely affected by the resurgence of COVID-19 cases, with lower revenue per available room and occupancy recorded in the first half of 2022. 39