Lvshun Group Wins Ningbo Donggang Sheraton Hotel for 361 Million Yuan
On July 24, the Ningbo Donggang Sheraton Hotel was sold at a second auction on Alibaba Assets platform, with Lvshun Group winning at the base price of 361 million yuan. The hotel, built in 2005, was Ningbo's first international five-star hotel, with an appraised value of over 645 million yuan. The first auction started at 452 million yuan but failed. Lvshun Group is the controlling shareholder of time-honored brand Loumaoji.
Impact and considerations
The deal reflects dynamics in China's hotel asset market; Lvshun Group's acquisition may impact local business accommodation supply and competition.
Key points
- Lvshun Group won the Ningbo Donggang Sheraton Hotel at the base price of 361 million yuan.
- The hotel was built in 2005 and was Ningbo's first international five-star hotel.
- Appraised value exceeded 645 million yuan; first auction failed.
- Lvshun Group is the controlling shareholder of time-honored brand Loumaoji.
Sources and time
- Primary source
- 执惠
- Other sources
- 0
- First source publication
- 29 Jul 2026, 08:00
- Page published
- 13 Aug 2026, 08:11
- Last updated
- 29 Jul 2026, 08:00
- Original links
- TripVivid：绿顺集团3.61亿元竞得宁波东港喜来登酒店 2026-07-29 (opens in a new tab)Primary source · zh · Published 29 Jul 2026, 08:00