Zhuhai Huafa Selling Marriott-Branded Hotel to Bolster Liquidity

Zhuhai Huafa Group, a government-owned conglomerate, is selling a Marriott-branded hotel to Zhuhai Gree Group, according to creditors notified this week. The sale is intended to improve Zhuhai Huafa's cash position. The terms of the transaction were not disclosed.

• Bloomberg — Zhuhai Huafa Selling Marriott-Branded Hotel to Bolster Liquidity

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