4 In China, a five-star hotel went bankrupt.JPEG

While in Russia massively closed travel agencies, the Celestial Empire faced another problem. Recently in the port city of Ningbo, the hotel has suspended its activity.

The five-star Cixi Hotel Landis Platza Hotel opened only in 2013, and the first rumors of a possible bankruptcy began to spread a few months after the start of the operation. At the same time, experts believe that the bankruptcy of a 5 * hotel is not an isolated case, in the near future other high-level accommodation facilities throughout the country may follow in its footsteps.

The volume of investments in Cixi Landis Plasza Hotel amounted to 42 million USD, the debts of the hotel are 72 million USD. The owner of a ruined hotel is hiding from law enforcement agencies.

February 5, 2015
Comment on the news

10 fresh news

  • On March 5, the 85th Geneva Motor Show starts at $$ (Feb 27)
  • Paris will lose one of the main attractions (Feb 27)
  • The tourist fell from a height of 500 meters, trying to make self (Feb 27)
  • On the flight "Victory" did not have enough seats for all passengers.(Feb 27)
  • The Quidditch Championship started in Spain (Feb 27)
  • Israeli passengers almost beat the flight attendant because of the chocolates (Feb 27)
  • The most expensive ski resorts in Europe are determined (Feb 27)
  • Smoking marijuana is legalized in Washington (Feb 27)
  • Increased the cost of overseas roaming (Feb 27)
  • The ski season in Sochi will last until May (Feb 27)