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China Luxury Hotels Sale & Distress: 5-Star Hotel Sofitel Beijing Central on Sale for $391 Million Due to Debt Crisis of Major Shareholder, Tianfu Rongde Hotel Shareholder to Repay $14.3 Million to Debtor and Shareholding Frozen by Court, Banyan Tree Hotel in Beibei to be Auctioned Due to Bankrupt Owner Chongqing Baichun Industrial Company
16th August 2024 | Hong Kong
China Luxury Hotels Sale & Distress – 5-star hotel Sofitel Beijing Central on sale for $391 million due to debt crisis of major shareholder. Tianfu Rongde Hotel shareholder to repay $14.3 million to debtor and shareholding frozen by court. Banyan Tree Hotel in Beibei to be auctioned in September 2024 due to bankrupt owner Chongqing Baichun Industrial Company.
“ China Luxury Hotels Sale & Distress: 5-Star Hotel Sofitel Beijing Central on Sale for $391 Million Due to Debt Crisis of Major Shareholder, Tianfu Rongde Hotel Shareholder to Repay $14.3 Million to Debtor and Shareholding Frozen by Court, Banyan Tree Hotel in Beibei to be Auctioned Due to Bankrupt Owner Chongqing Baichun Industrial Company “
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China Luxury Hotels Sale & Distress: 5-Star Hotel Sofitel Beijing Central on Sale for $391 Million Due to Debt Crisis of Major Shareholder, Tianfu Rongde Hotel Shareholder to Repay $14.3 Million to Debtor and Shareholding Frozen by Court, Banyan Tree Hotel in Beibei to be Auctioned Due to Bankrupt Owner Chongqing Baichun Industrial Company
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