富力3.28亿元出售郑州万达文华酒店

Core Viewpoint - R&F Properties is selling its assets, with the recent auction of the R&F Wanda Wenhua Hotel in Zhengzhou for approximately 328 million yuan, which is 70% of its assessed value of 469 million yuan, indicating a significant reduction in the company's hotel portfolio [1][5][6]. Group 1: Asset Sales - The R&F Wanda Wenhua Hotel in Zhengzhou was auctioned on December 9, 2023, for about 328 million yuan, significantly below its assessed value of approximately 469 million yuan [1][5]. - The hotel has a total construction area of about 41,100 square meters and is located in the core area of Zhengzhou's Jinshui District, with a land use period until August 27, 2053 [1][6]. - This sale is part of a broader trend where R&F Properties has been divesting its hotel assets due to financial difficulties, having sold multiple hotels in recent years [6]. Group 2: Current Status of Hotel Portfolio - Following the recent sale, R&F Properties now has only 20 hotels remaining in its portfolio [2][8]. - In November 2023, R&F sold another hotel in Quanzhou for 331 million yuan and a hotel in Changsha for 513 million yuan, further indicating the company's strategy to reduce its hotel holdings [2][8]. - The company has faced significant financial challenges, with a reported loss of 4.046 billion yuan and a high level of short-term debt amounting to 975.9 million yuan [9].