UOL Group has sold its hotel in Tianjin for RMB238 million, or around $43.4 million.
The sale, via its unit, Tianjin UOL Xiwang Real Estate Development, was made to one Jiang Yang.
The hotel, with 319 rooms, is at No. 1 Zhang Zi Zhong Road in the northern Chinese city.
UOL opened this property back in 2014.
Jiang has paid a deposit of RMB23.8 million and will pay the balance on or about April 1.
UOL Group shares closed at $10.84, down 0.46% for the day. It is up 113.4% in the past year.
