The Cheng Yu-tong family plans to sell the Rosewood Hotel? "Currently operating normally"

Wallstreetcn
2025.12.02 01:55

According to reports, the Hong Kong tycoon Cheng Yu-tong's family is seeking buyers for its luxury hotel group, Rosewood Hotel Group, to address the liquidity crisis faced by its real estate subsidiary, New World Development. Sources close to Rosewood Hotel Group stated that they have not heard of any discussions regarding a sale, and currently, all hotels under Rosewood are operating normally. (The Paper)

Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.