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Sanya Marina Hotel Sold at Base Price of 133 Million Yuan

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Hotel asset transaction reflects market value, potentially influencing business travelers' expectations of Sanya's hotel market.

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9月9日
  1. TripVivid
    Sanya Marina Hotel Sold at Base Price of 133 Million Yuan

    On September 7, Sanya Marina Hotel was sold at a base price of 133 million yuan. The property has a building area of 11,422 sqm, is a first-line sea-view hotel with 101 rooms. It failed to sell at first auction for 166 million yuan and again at a reduced price in the second auction. This time it was sold at 80% of the first auction price (appraised at 237 million yuan) to a local Sanya trading company.