Shimao Group Holdings has cut the asking price for a Sheraton-branded hotel near Hong Kong's airport in Tung Chung by 25%, aiming to sell the property for at least HK$4.5bn ($579m) as reported by ...

Shimao Group Holdings, a Chinese investment and development company, reduced the cost of the Four Points by Sheraton Hong Kong Tung Chung Hotel by 25% to 4.5 billion Hong Kong dollars ($579 million) ...

The asset is made up of two hotel brands: the Sheraton Hong Kong Tung Chung Hotel with 218 rooms and the Four Points by Sheraton, which has 1,001 rooms, according to Savills, its sole agent.

Hotels ranked on industry awards ... Press the question mark key to get the keyboard shortcuts for changing dates. Hong Kong ...