Shimao Sells Sheraton Hotel for $579m
This is a Hong Kong news story, published by Yahoo Finance, that relates primarily to Sheraton Tung Chung news.
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Hong Kong courtGlobalData
•Shimao slashes price of hotel property near Hong Kong airport
81% Informative
The 18 -storey hotel Sheraton and Four Points by Sheraton Tung Chung opened in 2020 .
With over 1,200 rooms, it is the city's second -largest hotel complex by room count.
Shimao 's decision to reduce the price reflects challenges faced by the real estate sector in Hong Kong .
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