Core Insights - R&F Properties is facing significant financial challenges, leading to the auction of multiple assets including commercial and hotel properties in Shanghai, Langfang, and Ningde [1][3][4] Group 1: Auction Details - The R&F Wanda project in Shanghai is being auctioned with a starting price of approximately 1.22 billion yuan, which is about 30% lower than its assessed value of 1.747 billion yuan [1] - The Shanghai project has a total construction area of approximately 261,300 square meters, but construction is incomplete, with significant portions of the project not yet started [1] - In Langfang, the R&F Wanda Jiakua Hotel is set to be auctioned starting at 155 million yuan, significantly lower than its assessed value of 277 million yuan, reflecting a 45% discount [4] - The Ningde Wanda Plaza property is also scheduled for auction, with an assessed value of 397 million yuan and a starting price of 278 million yuan, representing a 30% discount [5] Group 2: Financial Performance - R&F Properties reported a 70% decline in hotel operating revenue, dropping from 2.762 billion yuan to 827 million yuan year-on-year [5] - The company owns 22 self-built hotels with a total construction area of approximately 1.1106 million square meters and 7,513 guest rooms as of June 30, 2025 [5] - To mitigate cash flow impacts from the changing economic environment, R&F is implementing cost control measures and adjusting project timelines [5]

据了解，富力2017年以7.31亿元的价格取得该综合体项目，原计划2021年底开业，但因富力资金链断 裂，项目于2021年底停工。 10月27日至10月30日，上海市奉贤区江海镇16街坊7/50丘的土地使用权及地上建筑物，在阿里资产平台 被拍卖， 拍卖标的调查情况表显示，上述拍品被上海市第一中级人民法院正式查封，并被上海金融法院轮候查 封；该项目抵押权人，为建设银行上海奉贤支行，债权数额为7.31亿元。 智通财经10月27日讯（记者 王海春）富力集团位于上海、廊坊、宁德等城市的多个商办、酒店资产， 先后被摆上拍卖平台。 据拍卖平台视频介绍信息，被拍标的物为富力万达项目。该标的物规划总建筑面积约26.13万平方米， 土地用途为铁路用地、商业、办公。本次拍卖起拍总价约12.23亿元，标的物评估价约17.47亿元，相当 于打了7折。 按拍卖平台2025年7月拍摄的实景视频，被拍标的物外立面及内部装修，均未完工。该项目商场部分外 立面局部开工，商场内电梯大量堆放但未安装，办公部分外立面未开工，办公楼内电梯并未安装。 该标的物所有人，为宁德万富酒店管理有限公司。据天眼查信息，广州兆睎投资有限公司全资子公司广 州富德酒店 ...