Notes from Wikipedia:
[The previous hotel building] was sold, and completely rebuilt into an imposing three story building, reopening in 1890. It boasted of commodious and well-appointed accommodation, and the Hotel was deservedly popular. Later, another story was added to make it four stories, and then a two story annex with views down to Pok Fu Lam was built. A further addition doubled the size of the annex and added a third story. The hotel commanded a magnificent view of the city and the harbour in one direction, and of Pok Fu Lam facing Lamma Island in the other.
In 1922 it was bought by the owners of the rival Hong Kong Hotel for Hong Kong Dollars 600,000. The hotel's poor construction led to further deterioration. It closed in 1936 and in 1938 its fate was finally sealed by a fire.
1936 - Hotel closes
The font page of the The Hong Kong Telegraph, 1936-07-04 announced the hotel would close at midnight on August 31st.
The closure was confirmed on page 10 of The China Mail, 1936-09-01. There had been a cocktail party on the hotel's final night in business, then the last guests moved out on September 1st.