Has Chongqing Xinjing Hotel closed down?

Yes According to relevant information, the administrator made public the announcement that the court declared the Hot Spring Heart View Garden Hotel Co., Ltd. bankrupt. In 2020, as a subsidiary of Dachao Real Estate, the hotel closed down due to asset problems. Dachao Real Estate was ruled by the court to accept bankruptcy liquidation at the end of last year1/kloc-0, and its life and death were uncertain. The hot spring scenery project started construction and sales in 2003, and the developer was Chunchao Real Estate. There are more than 500 apartments in the first phase of development, which are sold to the outside world and then rented back by the hotel. It was agreed to pay the rent to the owner once every six months, but the rent was delayed after one or two years of renting back. After 20 17, the rent could not be paid for a long time, and there was a problem in the capital chain. The hotel was later implicated in the debt of the parent company, which made matters worse. In 2020, the debt crisis of Dachao Real Estate broke out, and many of its assets were seized and auctioned, including the Hot Spring Heart View Hotel. The hotel had to suspend business because it was closed. In June last year, the court ruled that the bankruptcy liquidation case of Kunming Hot Spring Xinjing Garden Hotel was accepted.