Two hotels in Hong Kong, a dual-branded Sheraton complex operated by Marriott, are being aggressively sold by creditors. The property, located on Lantau Island, was seized from Shimao Group Holdings Limited after they failed to sell it, even after reducing the price significantly. Savills is managing the tender process, which is expected to conclude by August 31, with the aim of a swift ownership transfer. AI
RANK_REASON The article discusses the sale of hotels, which is a business transaction rather than a core AI development.
- AlixPartners
- Hong Kong
- Lantau Island
- Marriott
- Raymond Lee
- Savills
- Sheraton Hotels and Resorts
- Shimao Group Holdings Limited
- Tung Chung
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