{
  "id": 15987444,
  "title": "Receivers to sell mainland developer Shimao’s 2 Hong Kong hotels for US$344 million",
  "url": "https://urgent.news/2026/10/22/receivers-to-sell-mainland-developer-shimaos-2-hong-kong-hotels-for-15987444",
  "topic": "world",
  "section": "World",
  "published": "2026-10-22T01:38:42.000Z",
  "source": {
    "name": "South China Morning Post - Hong Kong",
    "slug": "south-china-morning-post-hong-kong",
    "url": "https://www.scmp.com/business/article/3371707/debt-laden-mainland-developer-shimao-sells-its-2-hong-kong-hotels-us344-million"
  },
  "original_language": "en",
  "account": null,
  "summary": "Receivers of the Sheraton Hong Kong Tung Chung Hotel and the Four Points by Sheraton have agreed to sell the dual-branded complex, which together comprise the city’s third-largest hotel by room count, for HK$2.7 billion (US$344 million), Shimao Group announced on Thursday. In a filing to the Hong Kong stock exchange, the distressed mainland Chinese developer said the buyer was Oceanfront Hong…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "VnExpress International",
        "title": "Inside Vietnam's largest futuristic university mega-campus",
        "url": "https://urgent.news/2026/10/21/inside-vietnams-largest-futuristic-university-mega-campus",
        "published": "2026-10-21T23:00:21.000Z"
      },
      {
        "outlet": "South China Morning Post",
        "title": "Receivers to sell mainland developer Shimao’s 2 Hong Kong hotels for US$344 million",
        "url": "https://urgent.news/2026/10/22/receivers-to-sell-mainland-developer-shimaos-2-hong-kong-hotels-for",
        "published": "2026-10-22T01:38:42.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}