HNA Group plans to sell its $1.4 billion stake in US hotel chain Park Hotels & Resorts Inc to ease its financial crisis, according to public documents regarding the cash-strapped Chinese conglomerate. The Hainan-based airline company will sell “some or… Read More>>
GIC Joins $5.4B Bet on AccorInvest and More Asia Real Estate Headlines
At the top of today’s news, Singapore’s sovereign wealth fund GIC is partnering with a group of global investors to shell out $5.4 billion for a controlling stake in the property business of France’s AccorHotel. Also in the headlines, debt-strapped… Read More>>
HNA Pledges HK$3B Stake in Kai Tak Developer to PAG in Return for Loan
What was once the site of one of Asia’s most challenging airports is rapidly turning into a lifesaver for China’s debt-addled HNA Group after the mainland conglomerate announced a deal yesterday that could provide it with a loan of as… Read More>>
Cindat Scores $385M Loan for NYC Hotels and More Asia Real Estate Headlines
At the top of today’s news, the private equity affiliate of one of China’s big four “bad banks” and its US partner have raised a major loan for a portfolio of Manhattan hotels and troubled conglomerate HNA faces another setback…. Read More>>
HNA Sells Two Kai Tak Sites To Henderson Land For $2B
China’s HNA Group has sold a pair of land parcels at Hong Kong’s former airport site in Kai Tak to Henderson Land for HK$16 billion ($2 billion), less than fifteen months after buying the residential plots for a record HK$14.2… Read More>>
HNA Grabs $3.2B Loan Lifeline From China CITIC Bank
HNA Group is said to have missed loan payments to China CITIC Bank in December, but that reported financial stumble didn’t stop the state-owned lender from handing its struggling client a new RMB 20 billion ($3.2 billion) credit facility last… Read More>>
HNA Says Debt Scrutiny is an Anti-Chinese Plot and More Asia Real Estate Headlines
At the top of today’s news, the co-chairman of Chinese super-investor/debtor HNA Group claims that the company is a victim of a plot by dastardly reactionary forces. And speaking of cross-border investment, a premium condo tower in San Francisco backed… Read More>>
HNA Seeks to Borrow $2B From Developers and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, cash-strapped HNA is said to be in talks with developers including Sun Hung Kai Properties for a loan of up to $2 billion. Also in the headlines, banks’ loans to property developers rose… Read More>>
HNA Says It Will Sell $16B in Assets Before July and More Asia Real Estate Headlines
It’s traditional to get rid of things you don’t need and to pay off debts before Chinese New Year, and China’s HNA Group appears to be honoring this heritage with the revelation of a planned sale of $16 billion in… Read More>>
HNA to Develop Kai Tak Site Alone and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, HNA said it would not partner with Sun Hung Kai Properties to develop the site in former Kai Tak airport. Also in the headlines, Henderson Land paid HK$2.5 billion as land premium for… Read More>>
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