The property developers responsible for the nearly-completed Kimpton Hotel may be in for a historic insurance payout after the project was consumed in flames Friday.
— was expected to boast 500 rooms across 340,000 square feet of interior space.
An under-construction skyscraper is seen after a blaze is put out at Tsim Sha Tsui in Hong Kong March 3, 2023. Chan continued,"The compensation amount will be high because the building is almost completed, as the amount will pay to rebuild the completed part. The later the damage occurs during the construction period, the higher the sum that will need to be paid."
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