Hong Kong’s Second-Largest Hotel Risks Being Seized by Banks
A group of banks are moving to take over a Sheraton-branded hotel property near Hong Kong’s airport, according to people familiar with the matter, after its owner Shimao Group Holdings...
By Pearl Liu, Trista Xinyi Luo · Bloomberg
A group of banks are moving to take over a Sheraton-branded hotel property near Hong Kong’s airport, according to people familiar with the matter, after its owner Shimao Group Holdings Ltd. defaulted on a HK$4.5 billion ($575 million) loan.