22.6亿！三亚丽思卡尔顿酒店卖掉了

Core Viewpoint - China Jinmao (00817.HK) announced the sale of 100% equity in Sanya Jinmao Tourism Co., Ltd. to Sanya Luanmao for a total consideration of RMB 2.2646 billion, aiming to optimize asset structure and improve capital efficiency [1][7]. Group 1: Transaction Details - The transaction involves the sale of Sanya Jinmao Tourism, which only holds the Ritz-Carlton Hotel in Sanya, marking the company's exit from this asset [1][7]. - The Ritz-Carlton Hotel in Sanya, opened in 2008, features 446 rooms and suites, including 51 executive rooms and suites, and 33 private villas [1][7]. - The sale price of RMB 2.2646 billion aligns with the previously set listing price of approximately RMB 2.265 billion for the equity transfer [2][9]. Group 2: Financial Performance - As of August 31, 2025, Sanya Jinmao (Tourism) Co., Ltd. reported revenues of approximately RMB 236 million and a net profit of RMB 37.7799 million [2][8]. - The sale is part of a broader strategy for asset securitization, which aims to convert heavy assets into tradable financial assets, thereby enhancing cash flow and reducing liabilities [3][9]. Group 3: Strategic Implications - The transaction reflects a "light asset" strategy, allowing China Jinmao to retain brand management while divesting property ownership, thus alleviating capital burdens and renovation costs [4][9]. - China Jinmao continues to hold other hotel properties, including the Grand Hyatt Shanghai and JW Marriott Shenzhen, indicating a focus on maintaining a diversified portfolio while optimizing asset management [4][9].