YHI Global is negotiating the acquisition of two hotels in New Territories West

YHI Global is negotiating the acquisition of two hotels in New Territories West, which will be converted into the first Chinese medicine confinement service hotel in the future

The two target properties are hotels in operation, and the construction area is about HK$4,000 per square foot (Reference: Generally speaking, the cost of building and hotel decoration to obtain a license is at least more than 6,000 yuan per square foot, and it often takes more than 2-3 years. In addition to financial interest and land costs), relative to cash, the sharp inflation in the next few years cannot be ignored. It is expected that the value of these two target hotel properties will appreciate at a higher rate after customs clearance.