Shimao’s Hong Kong Airport Hotels Find $344M Buyer
The Sheraton and Four Points by Sheraton Tung Chung are set to change hands (Image: Marriott) Receivers for Shimao Group have agreed to sell a Sheraton hotel complex near Hong Kong International Airport for HK$2.7 billion ($344 million), 40 percent below the loan balance reported when lenders seized the property in June. The deal covers…