Rolls-Royce is one of the most prestigious names in the world. The cars they have made are truly classics, making them some of the most sought after vehicles in the world. They garner a hefty price, and that is what The 13 has been banking on, as the embattled hotel in Macau has opted to sell 24 of their 30 Rolls-Royce vehicles in order to pay down a portion of their bank loan.

On Thursday, South Shore Holdings, the parent company of The 13, announced that it had entered an agreement to sell a large portion of its bright red Rolls-Royce Phantoms fleet. It was expected that each of the 24 vehicles sold would generate a total of HK$24 million (US$3.1 million), or about HK$1 million each.

It has been less than three years since they took delivery of their fleet of 30 vehicles, paying a total cost of about $20 million. However, this has become a necessity as the project has found itself mired in a litany of troubles, including delays and financial setbacks.

The purpose of selling the vehicles is to pay down the substantial loans that the company has related to the hotel complex.