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Hong Kong 4-Star & 29-Storey Connaught Hotel Decreased Selling Price by 40% from $128 Million to $76 Million (HKD 1 Billion to HKD 600 Million), Hotel Placed on Auction by Investor Group Hong Kong-Based Hanson Construction and United States Credit & Real Estate Private Equity Firm Angelo Gordon, Colliers & Knight Frank are Joint Agents
6th September 2024 | Hong Kong
Hong Kong 4-star & 29-storey Connaught Hotel owners have decreased the selling price by 40% from $128 million to $76 million (HKD 1 billion to HKD 600 million). Connaught Hotel was placed on auction by investor group Hong Kong-based Hanson Construction and United States credit & real estate private equity firm Angelo Gordon. Colliers & Knight Frank are joint agents for Connaught Hotel. 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.
“ Hong Kong 4-Star & 29-Storey Connaught Hotel Decreased Selling Price by 40% from $128 Million to $76 Million (HKD 1 Billion to HKD 600 Million), Hotel Placed on Auction by Investor Group Hong Kong-Based Hanson Construction and United States Credit & Real Estate Private Equity Firm Angelo Gordon, Colliers & Knight Frank are Joint Agents “
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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 – 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.
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