Jul 15 2009
Hongkong and Shangai Hotels Signs a Year Term Loan Facility
The HSH (Hongkong and Shangai Hotels Ltd.) has recently announced that they have signed a $1.225 Billion four year term loan facility with a group of seven international banks.
The leader banks that will finance the loan are from Australia and New Zealand. However, the Bank of China and HSBC, among others.
Mr. NEil Galloway, Chief Executive Officer of HSH commented on this loan facility:” This is the first time for several years that HSH has come to market in Hong Kong, and our financing has met with a very strong response from the bank market.”
The HSH Ltd. is a holding company that manages thousand of prestigious hotels and commercial and residential property around the world.
