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27.10.26 - 00:00
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How Shimao′s sale of 2 hotels reveals the growing complexity of Hong Kong debt workouts (SCMP)
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The HK$2.7 billion (US$344 million) sale of two Shimao Group hotels in Hong Kong leaves an estimated HK$1.8 billion shortfall against their secured loans.
Still, receivers managed to squeeze out improved bids in the final stages, with all shortlisted parties improving their offers, said Una Ge, a managing director at AlixPartners who oversaw the sale as a joint receiver.
The deal offers a glimpse into how mainland China's developer debt crisis is reshaping Hong Kong's restructuring industry,......
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25.10.26 - 18:12
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Champagne Communist: AOC Campaign Blows Nearly $50K On Luxury Hotels (ZeroHedge)
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Champagne Communist: AOC Campaign Blows Nearly $50K On Luxury Hotels
Authored by Steve Watson via Modernity,
Rep. Alexandria Ocasio-Cortez's re-election campaign has spent nearly $50,000 on luxury and upscale hotel stays across the country since April, according to a New York Post analysis of Federal Election Commission filings.
The roughly 45 charges total about $47,000, covering her team during a cross-country push to boost Democratic candidates ahead of the 2026 midterms and raise her profile for a potential 2028 run.
The spending hits properties ranked as luxury, upscale, or upper-upscale.
AOC's 'champagne communist' campaign lives it up at luxury hotels, splurging nearly $50K on stays across US https://t.co/X8s8XDwv0e https://t.co/698ECAlolh
— New York Post (@nypost) October 23, 2026
Highlights include $5,044 at The Memphian, a boutique hotel in Memphis with spa services and an animal-themed rooftop bar (rooms typically $200-$600 a night); $1,599 and $2,694 at the four-star Candler ...
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