To some extent, all real estate enterprises, whether Wanda Group or Sunac Group, are having a hard time. Because these real estate enterprises have a high debt ratio and need to cope with the pressure of reducing leverage, they will make strategic adjustments at this juncture. Regarding the question you asked, I try to make a specific explanation from the following points.
First, what is this thing?
Let me talk about the ins and outs of this matter first. When Wanda Group was in debt crisis, Sunac Group acquired 265,438+0 hotels of Wanda Group around 2065,438+07, and owned the right to operate these 265,438+0 hotels. At the time of acquisition, Sunac Group stated that the management rights of these hotels remain unchanged and are still managed by Wanda Group, and a management cycle of about 20 years has been formulated. However, only three years later, Sunac Group officially recovered the management right of Wanda Group, and will actively manage these 2 1 hotels.
Second, Sunac Group needs to further control its own assets.
Although this 265,438+0 hotel is managed by Wanda, the real control right belongs to Sunac Group. Sunac Group now needs to comprehensively manage these projects, so as to actively control assets and reduce leverage. To some extent, it would be better for Sunac Group to hand over these assets to Wanda for management.
Third, Sunac may have a new round of strategic adjustment.
As I said above, Wanda Group itself has very rich management experience, and it is a better choice to hand over these hotels to Wanda for management. I personally guess that Sunac chose to terminate the management agreements of these hotels, which may be related to the strategic adjustment after Sunac. Sunac may conduct a new round of strategic cooperation with other enterprises in this way, and we can wait and see.