Some patrons of an exclusive Hong Kong sports club have escalated action against the Rosewood Hotel Group’s plan to change operations at its clubhouse in Central, but the hospitality firm says it has made some “refinements” to the arrangement. A representative of a group of concerned patrons at the Hong Kong Golf & Tennis Academy…
An exclusive Hong Kong sports club will press ahead with an imminent change of operator for its Central clubhouse despite objections by some of its members about unfair access and incompatibility of their client profiles, the South China Morning Post has learned. The controversy began about a fortnight ago after private members’ club Carlyle &…
Hong Kong developer New World Development (NWD) has successfully refinanced HK$88.2 billion (US$11.3 billion) of debt just before the deadline, concluding months of negotiations that pulled the company back from the brink of default. The refinancing package includes multiple tranches of bank loans with varying maturities, with June 30, 2028, being the earliest, the developer…