Property News · March 27, 2023

Indebted Chinese developer Shimao Group to sell Hong Kong airport-area Sheraton hotel property for US$828 million


The owner of the 1, 219-room, Sheraton-branded property, Shimao Group, is in the process of restructuring US$11.8 billion in debt.

Source : South China Morning Post
Read more…Indebted Chinese developer Shimao Group to sell Hong Kong airport-area Sheraton hotel property for US8 million