UOL Walks Away from Hong Kong Hyatt Buy as Talks with New World, ADIA Stall

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Singapore-listed UOL Group has withdrawn from discussions to buy the Hyatt Regency Hong Kong Tsim Sha Tsui from New World Development. The proposed deal, which could have been Hong Kong’s largest hotel purchase of the year, stalled amid talks involving New World and ADIA.

UOL Group has walked away from what would have been Hong Kong’s biggest hotel purchase this year with the Singapore-listed developer having walked away from discussions to buy the Hyatt Regency Hong Kong Tsim Sha Tsui from New World Development... Read More>> The post UOL Walks Away from Hong Kong Hyatt Buy as Talks with New World, ADIA Stall appeared first on Mingtiandi.