NEW WORLD DEV(HK:00017) Xin Lang Cai Jing·2025-12-02 04:05Group 1 - The Cheng family's Rosewood Hotel Group is reportedly seeking buyers for some of its luxury hotel assets to address liquidity issues faced by its real estate subsidiary, New World Development [1] - Discussions regarding the sale of Rosewood assets are in preliminary stages, with no confirmed plans, and the hotels are currently operating normally [1] - Rosewood Hotel Group, led by Cheng's daughter, operates 58 properties globally and is known for its flagship Rosewood Hong Kong, which recently ranked first in the "World's 50 Best Hotels" list [1] Group 2 - New World Development, a heavily indebted real estate developer, announced plans to issue up to $1.9 billion in new bonds to improve liquidity, with bondholders potentially facing up to 50% debt write-downs [2] - Other real estate developers are also selling hotel assets to alleviate financial pressure, including Jinmao (Sanya) Tourism Co., which is selling 100% equity for approximately 2.265 billion yuan [4] - R&F Properties has been selling hotel assets since 2022 due to losses and debt issues, with recent sales including the R&F Wanda Realm Hotel in Changsha for 513 million yuan [4]