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New World Weighs Sale of Stake in $2 Billion Hotel Portfolio
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New World Weighs Sale of Stake in $2 Billion Hotel Portfolio

Bloomberg Markets · May 5, 2026, 6:43 AM · Also reported by 2 other sources

New World Development Co., the cash-strapped property developer, is in talks to sell its 50% stake in a portfolio of three Hong Kong hotels valued at $2 billion, people familiar with the matter said.

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