Under the environmental impact of Chinese policy, it is more and more difficult to run a high star-level hotel, so many companies even consider abandoning its hotel assets.

Under the environmental impact of Chinese policy, it is more and more difficult to run a high star-level hotel, so many companies even consider abandoning its hotel assets. Yesterday reporter has learned that Hanshi, executive director and concurrently general manager of COFCO, considered shedding the hotel assets under COFCO because of the weak profitability. In fact, with the climate gloomy in hospitality, the action of COFCO maybe represents that most of companies which hold hotels tend to strip or sold their hotel assets.

About COFCO：

COFCO is the largest supplier of diversified products and services in the agricultural products and food industry in China. It is devoted to utilizing renewable natural resources to provide healthy and nutritious food, high quality lifestyle and services, as well as contributing to improve people’s living standards, social prosperity and stability.