[1] It had 33 storeys and a total height of 361 feet (110 m), with a revolving restaurant on the top floor named "La Ronda".

Then the Asian financial crisis struck, plunging the entire group into distress and forced asset sales.

[5] In March 2000, LSD announced that a 65% stake in the Furama would be sold to a 50:50 joint venture between Pidemco, controlled by Temasek Holdings, and AIG for HK$1.88 billion.

[8] As part of the deal, Lai Sun would continue to operate the hotel until its redevelopment, at an annual rental of HK$145 million.

[8] Together with CapitaLand, and AIG, LSD formed Bayshore Development Group to develop AIG Tower, a 39-storey commercial office block with a gross floor area of 450,000 square feet (42,000 m2).