{"id":172812,"date":"2026-10-22T08:38:42","date_gmt":"2026-10-22T01:38:42","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/receivers-to-sell-mainland-developer-shimaos-2-hong-kong-hotels-for-us344-million\/"},"modified":"2026-10-22T08:48:27","modified_gmt":"2026-10-22T01:48:27","slug":"receivers-to-sell-mainland-developer-shimaos-2-hong-kong-hotels-for-us344-million","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/receivers-to-sell-mainland-developer-shimaos-2-hong-kong-hotels-for-us344-million\/","title":{"rendered":"Receivers to sell mainland developer Shimao\u2019s 2 Hong Kong hotels for US$344 million"},"content":{"rendered":"


\nReceivers of the Sheraton Hong Kong Tung Chung Hotel and the Four Points by Sheraton have agreed to sell the dual-branded complex, which together comprise the city\u2019s third-largest hotel by room count, for HK$2.7 billion (US$344 million), Shimao Group announced on Thursday.
\nIn a filing to the Hong Kong stock exchange, the distressed mainland Chinese developer said the buyer was Oceanfront Hong Kong Limited.
\nOceanfront is owned by, among others, investment vehicles associated with ParkCity Group,…
\n
\nSource : South China Morning Post
\nRead more…Receivers to sell mainland developer Shimao\u2019s 2 Hong Kong hotels for US4 million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Receivers of the Sheraton Hong Kong Tung Chung Hotel and the Four Points by Sheraton...<\/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-172812","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-IXi","jetpack-related-posts":[{"id":172832,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-shimaos-sale-of-2-hotels-reveals-the-growing-complexity-of-hong-kong-debt-workouts\/","url_meta":{"origin":172812,"position":0},"title":"How Shimao\u2019s sale of 2 hotels reveals the growing complexity of Hong Kong debt workouts","date":"October 27, 2026","format":false,"excerpt":"\r The HK$2.7 billion (US$344 million) sale of two Shimao Group hotels in Hong Kong leaves an estimated HK$1.8 billion shortfall against their secured loans. Still, receivers managed to squeeze out improved bids in the final stages, with all shortlisted parties improving their offers, said Una Ge, a managing director\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124284,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimaos-founder-offers-to-sell-two-floors-at-the-center-in-hong-kong-as-developer-digs-into-his-own-pockets-to-pare-companys-debt\/","url_meta":{"origin":172812,"position":1},"title":"Shimao\u2019s founder offers to sell two floors at The Center in Hong Kong as developer digs into his own pockets to pare company\u2019s debt","date":"January 18, 2022","format":false,"excerpt":"\r Shimao Group\u2019s founder is putting two floors of the world\u2019s priciest office tower on the market for sale, as even one of China\u2019s more restrained real estate developers digs into his own pockets to pare a looming debt load.Shimao\u2019s founder Hui Wing Mau and his daughter Hui Mei-mei are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172060,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/creditors-in-aggressive-push-to-sell-2-hong-kong-hotels-amid-banks-drive-to-cut-losses\/","url_meta":{"origin":172812,"position":2},"title":"Creditors in aggressive push to sell 2 Hong Kong hotels amid banks\u2019 drive to cut losses","date":"June 24, 2026","format":false,"excerpt":"\r Receivers 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\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":172812,"position":3},"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":83841,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-credit-tightening-wont-affect-stake-in-hk40-billion-the-center-says-shimaos-hui-wing-mau\/","url_meta":{"origin":172812,"position":4},"title":"China credit tightening won\u2019t affect stake in HK$40 billion The Center, says Shimao\u2019s Hui Wing-mau","date":"March 27, 2018","format":false,"excerpt":"\r Hui Wing-mau, the chairman of Shanghai-based Shimao Property Holdings, has said his purchase of a stake in The Center, the world\u2019s most expensive office building, will not be affected by a tightening in the mainland credit policy for overseas acquisitions. \u201cI\u2019m a Hong Kong resident and have lived here\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146580,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinese-developer-country-garden-gets-respite-in-hong-kong-liquidation-case\/","url_meta":{"origin":172812,"position":5},"title":"Mainland Chinese developer Country Garden gets respite in Hong Kong liquidation case","date":"July 29, 2024","format":false,"excerpt":"\r A Hong Kong court has adjourned a liquidation case brought against mainland Chinese property developer Country Garden.\r \r Source : South China Morning Post\r Read more...Mainland Chinese developer Country Garden gets respite in Hong Kong liquidation case","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\/172812"}],"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=172812"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172812\/revisions"}],"predecessor-version":[{"id":172813,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172812\/revisions\/172813"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=172812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=172812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=172812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}