{"id":172832,"date":"2026-10-27T06:00:05","date_gmt":"2026-10-26T23:00:05","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-shimaos-sale-of-2-hotels-reveals-the-growing-complexity-of-hong-kong-debt-workouts\/"},"modified":"2026-10-27T06:08:27","modified_gmt":"2026-10-26T23:08:27","slug":"how-shimaos-sale-of-2-hotels-reveals-the-growing-complexity-of-hong-kong-debt-workouts","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-shimaos-sale-of-2-hotels-reveals-the-growing-complexity-of-hong-kong-debt-workouts\/","title":{"rendered":"How Shimao\u2019s sale of 2 hotels reveals the growing complexity of Hong Kong debt workouts"},"content":{"rendered":"


\nThe 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.
\nStill, receivers managed to squeeze out improved bids in the final stages, with all shortlisted parties improving their offers, said Una Ge, a managing director at AlixPartners who oversaw the sale as a joint receiver.
\nThe deal offers a glimpse into how mainland China\u2019s developer debt crisis is reshaping Hong Kong\u2019s restructuring industry,…
\n
\nSource : South China Morning Post
\nRead more…How Shimao\u2019s sale of 2 hotels reveals the growing complexity of Hong Kong debt workouts<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The HK$2.7 billion (US$344 million) sale of two Shimao Group hotels in Hong Kong leaves...<\/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-172832","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-IXC","jetpack-related-posts":[{"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":172832,"position":0},"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":172812,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/receivers-to-sell-mainland-developer-shimaos-2-hong-kong-hotels-for-us344-million\/","url_meta":{"origin":172832,"position":1},"title":"Receivers to sell mainland developer Shimao\u2019s 2 Hong Kong hotels for US$344 million","date":"October 22, 2026","format":false,"excerpt":"\r Receivers 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. In a filing to the Hong Kong\u2026","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":172832,"position":2},"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":121535,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hnas-luxury-flat-in-hong-kong-up-for-sale-over-debt-laden-chinese-conglomerates-inability-to-repay-loan\/","url_meta":{"origin":172832,"position":3},"title":"HNA\u2019s luxury flat in Hong Kong up for sale over debt-laden Chinese conglomerate\u2019s inability to repay loan","date":"August 19, 2021","format":false,"excerpt":"\r A 4,600 sq ft luxury penthouse in Hong Kong, which was previously owned by the debt-laden mainland Chinese conglomerate HNA Group, has been put up for sale by creditors.The fully furnished four-bedroom flat is on the 45th floor of 39 Conduit Road, Mid-Levels, one of the most prestigious addresses\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171202,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/regals-us194-million-hotel-sale-highlights-investor-push-into-hong-kong-student-housing\/","url_meta":{"origin":172832,"position":4},"title":"Regal\u2019s US$194 million hotel sale highlights investor push into Hong Kong student housing","date":"March 23, 2026","format":false,"excerpt":"\r Regal Hotels International Holdings and its units have sold the 494-room Regal Kowloon Hotel for about HK$1.52 billion (US$194 million) to the real estate investment arm of Centaline Group, which operates one of Hong Kong\u2019s largest property agency networks, to be converted into a student hostel. Regal Hotels and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123753,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-shop-for-bargains-as-chinas-once-deep-pocketed-asset-buyers-fall-on-hard-times-amid-debt-crackdown\/","url_meta":{"origin":172832,"position":5},"title":"Hong Kong developers shop for bargains as China\u2019s once deep-pocketed asset buyers fall on hard times amid debt crackdown","date":"December 11, 2021","format":false,"excerpt":"\r Lui Che-woo, one of Hong Kong\u2019s wealthiest men with a casino, hotels and apartments under his belt, met his match in late 2016 when his company K Wah International lost a bidding war to a Chinese airline that was on a land grab in the world\u2019s most expensive real\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\/172832"}],"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=172832"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172832\/revisions"}],"predecessor-version":[{"id":172833,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172832\/revisions\/172833"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=172832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=172832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=172832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}