EconomyShimao’s two-hotel sale highlights growing complexity of Hong Kong debt workouts

Shimao Group sold two Hong Kong hotels for HK$2.7 billion (US$344 million), leaving an estimated HK$1.8 billion gap against their secured loans. Una Ge of AlixPartners, a joint receiver overseeing the sale, said shortlisted bidders all raised their offers in the final stages. The deal illustrates how mainland China’s developer debt crisis is reshaping Hong Kong’s restructuring industry.

Shimao GroupHong Konghotel saledebt restructuring

SSouth China Morning Post★★☆☆☆2026-10-26 23:00Original