{"id":172060,"date":"2026-06-24T07:00:15","date_gmt":"2026-06-24T00:00:15","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/creditors-in-aggressive-push-to-sell-2-hong-kong-hotels-amid-banks-drive-to-cut-losses\/"},"modified":"2026-06-24T07:34:57","modified_gmt":"2026-06-24T00:34:57","slug":"creditors-in-aggressive-push-to-sell-2-hong-kong-hotels-amid-banks-drive-to-cut-losses","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/creditors-in-aggressive-push-to-sell-2-hong-kong-hotels-amid-banks-drive-to-cut-losses\/","title":{"rendered":"Creditors in aggressive push to sell 2 Hong Kong hotels amid banks\u2019 drive to cut losses"},"content":{"rendered":"


\nReceivers and agents of the Sheraton Hong Kong Tung Chung Hotel and the Four Points by Sheraton have expressed confidence in finally finding a buyer for the dual-branded complex \u2013 which together make up Hong Kong\u2019s third-largest hotel by room numbers \u2013 as creditors move to dispose of the asset.
\nSole agent Savills is holding a formal tender that is expected to close on August 31 for the 1,219-room property on Lantau Island, near the Tung Chung MTR station and the Hong Kong International…
\n
\nSource : South China Morning Post
\nRead more…Creditors in aggressive push to sell 2 Hong Kong hotels amid banks\u2019 drive to cut losses<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Receivers and agents of the Sheraton Hong Kong Tung Chung Hotel and the Four Points...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-172060","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ILa","jetpack-related-posts":[{"id":117304,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/banks-cut-prices-on-foreclosed-properties-in-hong-kong-as-buyers-turn-cautious-amid-distress-market-correction\/","url_meta":{"origin":172060,"position":0},"title":"Banks cut prices on foreclosed properties in Hong Kong as buyers turn cautious amid distress, market correction","date":"June 24, 2020","format":false,"excerpt":"\r Banks are being forced to reduce prices on foreclosed properties to recoup their loans, as buyers in Hong Kong become increasingly cautious about the economic outlook and a deeper market correction.About one-third of 98 foreclosed properties on the market have had their prices trimmed in June, according to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135654,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indebted-chinese-developer-shimao-group-to-sell-hong-kong-airport-area-sheraton-hotel-property-for-us828-million\/","url_meta":{"origin":172060,"position":1},"title":"Indebted Chinese developer Shimao Group to sell Hong Kong airport-area Sheraton hotel property for US$828 million","date":"March 27, 2023","format":false,"excerpt":"\r The owner of the 1, 219-room, Sheraton-branded property, Shimao Group, is in the process of restructuring US$11.8 billion in debt.\r \r Source : South China Morning Post\r Read more...Indebted Chinese developer Shimao Group to sell Hong Kong airport-area Sheraton hotel property for US8 million","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-distressed-developer-loses-us58-million-in-12-days-in-u-turn-on-kai-tak-land-deal-amid-scramble-with-hostile-creditors\/","url_meta":{"origin":172060,"position":2},"title":"Hong Kong distressed developer loses US$58 million in 12 days in U-turn on Kai Tak land deal amid scramble with hostile creditors","date":"July 29, 2020","format":false,"excerpt":"\r Cash-strapped Hong Kong developer Goldin Financial Holdings said it had found a new buyer for its waterfront residential plot in Kai Tak, less than two weeks after agreeing to sell the property to an offshore buyer. The change of mind comes with an immediate loss of HK$450 million (US$58\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140111,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-in-double-trouble-after-government-rejects-bids-for-tung-chung-site-deal-flow-in-oct-at-7-year-low\/","url_meta":{"origin":172060,"position":3},"title":"Hong Kong property in double trouble after government rejects bids for Tung Chung site, deal flow in Oct at 7-year low","date":"November 1, 2023","format":false,"excerpt":"\r Hong Kong\u2019s residential property market was dealt a double blow after the government withdrew a residential site in Tung Chung owing to low bids even as property deals in October fell to a more than seven-year low, highlighting the difficulty that the sector is facing amid economic uncertainty and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119109,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-buyers-hunt-for-bargains-in-tung-chung-tsing-yi-and-discovery-bay-as-cathay-pacific-staff-leave-hong-kong\/","url_meta":{"origin":172060,"position":4},"title":"Property buyers hunt for bargains in Tung Chung, Tsing Yi and Discovery Bay as Cathay Pacific staff leave Hong Kong","date":"November 4, 2020","format":false,"excerpt":"\r Bargain hunters can expect bigger discounts on property in districts close to Hong Kong airport, as foreign pilots and flight attendants leave the city amid mass lay-offs at Cathay Pacific group.Market observers say that areas like Tung Chung, Tsing Yi and Discovery Bay that were popular with the airline\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131311,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-sunac-top-list-of-chinese-developers-due-in-hong-kong-court-this-month-as-creditors-sue-to-recover-payments\/","url_meta":{"origin":172060,"position":5},"title":"Evergrande, Sunac top list of Chinese developers due in Hong Kong court this month as creditors sue to recover payments","date":"November 2, 2022","format":false,"excerpt":"\r The court hearings against China\u2019s top property firms come after a unit of Yango Group was ordered to be wound down, the first such instance in Hong Kong against a major developer amid the ongoing crisis.\r \r Source : South China Morning Post\r Read more...Evergrande, Sunac top list of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172060"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=172060"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172060\/revisions"}],"predecessor-version":[{"id":172061,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172060\/revisions\/172061"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=172060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=172060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=172060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}