Creditors in aggressive push to sell 2 Hong Kong hotels amid banks’ drive to cut losses

Creditors are aggressively seeking buyers for the Sheraton Hong Kong Tung Chung Hotel and the Four Points by Sheraton, part of Hong Kong's third-largest hotel complex, as part of efforts to cut losses. Savills is managing the tender process for the 1,219-room property on Lantau Island near the Tung Chung MTR station.