Shimao Group Holdings, a Chinese investment and development company, reduced the cost of the Four Points by Sheraton Hong Kong Tung Chung Hotel by 25% to 4.5 billion Hong Kong dollars ($579 million) ...

Shimao Group Holdings has cut the asking price for a Sheraton-branded hotel near Hong Kong's airport in ... storey hotel Sheraton and Four Points by Sheraton Tung Chung opened in 2020.