Core Viewpoint - China Jinmao is selling its hotel asset in Sanya to achieve asset securitization, with a listing price of 2.265 billion yuan [2][3]. Group 1: Sale Announcement - China Jinmao announced the sale of 100% equity in Jinmao (Sanya) Tourism Co., Ltd., which primarily holds the Ritz-Carlton Hotel in Sanya [2][3]. - The hotel, a five-star establishment, has 446 rooms and suites, including 51 executive rooms and suites, and 33 private villas [3]. Group 2: Financial Data - As of August 31, 2025, Jinmao Sanya (Tourism) Co., Ltd. is projected to have a revenue of approximately 236 million yuan and a net profit of 37.78 million yuan [3]. - The previous sale of the Hilton Hotel in Sanya occurred last year, indicating a trend in asset divestiture by China Jinmao [3]. Group 3: Sale Process and Valuation - The sale process is conducted through public listing on the Beijing Property Exchange, with the announcement period ending on December 12, 2024 [4]. - Hainan Lichi Consulting Co., Ltd. has been identified as the potential buyer, agreeing to a total transfer price of 1.849 billion yuan [4]. - The valuation report estimates the Hilton Hotel's worth at 1.606 billion yuan, highlighting the need for ongoing renovations due to aging facilities [4]. Group 4: Strategic Implications - The sale is viewed as an opportunity to optimize cash flow and improve the overall financial condition of the group, allowing for potential new investment opportunities [5]. - As of November 24, China Jinmao's stock price was 1.47 HKD per share, reflecting a 0.68% increase [5].
三亚丽思卡尔顿酒店要被卖了