Hong Kong Tycoon Henry Cheng Seeks Sale of Some Rosewood Hotels

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 connected to its real...

By Faris Mokhtar, Shirley Zhao · Bloomberg

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 connected to its real estate unit New World Development Co.