[photopress:ChinaPostHarbin.jpg,full,alignright]China Post, which owns several hundred hotels all over China ranging from two-star to five-star, is planning to sell them as part of a reorganization.
Most of these hotels have faced mounting losses in recent years. Nevertheless, China Post says it will receive about RMB10 billion by selling these hotels. Most of China Post’s hotels are below the 3-star level and spread around China but many of them need their facilities upgraded. And there will be Human Resources problems in supplying the management needed.
Source: China Hospitality News