EconomyDebt-laden mainland developer Shimao sells two Hong Kong hotels for US$344 million

Receivers sold the Sheraton Hong Kong Tung Chung Hotel and Four Points by Sheraton dual-branded complex for HK$2.7 billion (US$344 million), Shimao Group announced Thursday. The mainland developer said in a Hong Kong stock exchange filing that the buyer was Oceanfront Hong Kong Limited.

Shimao GroupHong Kong propertyhotel sale

SSouth China Morning Post★★☆☆☆2026-10-22 01:38Original