The sale comes after a Hong Kong court ordered the troubled Chinese property developer to liquidate its US$245 billion in global assets in January—more than two years after it defaulted on its debt of around US$300 billion. (CTV News)
Talking point: Evergrande acquired the iconic log cabin hotel—the largest of its kind in the world—in 2014 from Oxford Properties. It was the company’s first foray into Canada’s property market. The 210-room hotel has hosted a number of high-profile conferences, including the 1981 G7 Summit, though it has fallen into disrepair as of late.
