LVGEM Sells California Hotel Property for US$20 Million to Reduce Debt

Reuters

Sep 30

LVGEM (China) Real Estate Investment Company Limited announced the completion of the sale of its hotel property located in California, United States, in March 2025. The property was sold for US$20 million (approximately RMB144 million) in cash. The proceeds from the sale will be used to reduce the Group's outstanding indebtedness and improve its financial position.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LVGEM (China) Real Estate Investment Company Limited published the original content used to generate this news brief on September 30, 2025, and is solely responsible for the information contained therein.

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The property was sold for US$20 million  in cash. The proceeds from the sale will be used to reduce the Group's outstanding indebtedness and improve its financial position.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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The proceeds from the sale will be used to reduce the Group's outstanding indebtedness and improve its financial position.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LVGEM (China) Real Estate Investment Company Limited published the original content used to generate this news brief on September 30, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}