Two hotels changed hands in deals worth more than HK$2.3 billion (US$295 million) in Hong Kong on Wednesday, as cash-rich investors swooped in to pick up assets from the city’s slumping hospitality industry, betting on the sector improving once the city’s borders have been reopened.
Source : South China Morning Post
Read more…Two Hong Kong hotels sell for US5 million, as cash-rich investors bet on hospitality sector rebound once borders reopen
