HK's Cheng Said To Seek Sale of Some Rosewood Hotels

Bloomberg has learnt that Hong Kong tycoon Henry Cheng is seeking buyers for properties in the family’s luxury Rosewood Hotel Group as the billionaire clan races to overcome liquidity challenges...

By Bloomberg Markets · Bloomberg Markets

Bloomberg has learnt that Hong Kong tycoon Henry Cheng is seeking buyers for properties in the family’s luxury Rosewood Hotel Group as the billionaire clan races to overcome liquidity challenges at its real estate unit, New World Development. (Source: Bloomberg)