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

Creditors are actively seeking buyers for the Sheraton Hong Kong Tung Chung Hotel and the Four Points by Sheraton, a dual-branded hotel complex comprising Hong Kong’s third-largest hotel by room count. Savills, the sole agent, is conducting a formal tender expected to close on August 31 for the 1,219-room property on Lantau Island.