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Sheraton set to open seven hotels in China this summer


SHANGHAI, China – Adding even more muscle to its portfolio in China, Starwood Hotels & Resorts Worldwide, Inc. today announced that its iconic Sheraton brand will open seven more hotels in China before the end of September. News of these openings coincides with a month-long relocation of Starwood’s global headquarters to Shanghai, China. This unprecedented managerial endeavor highlights Starwood’s evolution as a global company and the development boom in China.
In the next two years, nearly half of all new Starwood hotels slated to
open in China will fly the Sheraton flag. This summer, Sheraton will
open its second hotel in Beijing, its second in Xian, and its first in ....

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Hongkong Land continues to grow Sustainable Financing with S$910 Million Sustainability-linked SORA-based loans signed in Singapore


Hongkong Land continues to grow Sustainable Financing with S$910 Million Sustainability-linked SORA-based loans signed in Singapore
Publications by the Newswire.
HONG KONG, June 29, 2021 /PRNewswire/  Hongkong Land has continued to drive sustainable financing with the signing in June of S$910 million (US$688 million) of sustainability-linked loans. Including these transactions, Hongkong Land has executed sustainability-linked loans amounting to US$1.9 billion with lenders in Hong Kong, Singapore and Thailand in the last 12 months.
The transactions are five-year revolving credit facilities signed bilaterally with DBS, MUFG, OCBC Bank, SMBC, and UOB which reference the Singapore Overnight Rate Average (SORA).   
Hongkong Land will be eligible to receive a tiered discount on the interest rate of the loans if it achieves agreed ESG targets.  hese targets include demonstrating continuous improvements in greenhouse gas emissions, electricity consumption, food wast ....

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