After the equity of the hotel was mortgaged, was the whole hotel mortgaged?

The pledge of hotel equity is essentially the pledge of hotel shareholders' equity and a way for shareholders to dispose of their rights and interests. The pledgor is a shareholder and has nothing to do with hotel operation.

Hotel mortgage generally refers to the property mortgage of the hotel, and the mortgagor is the hotel.

Relevant laws and regulations: Guarantee Law of People's Republic of China (PRC), Measures for Registration of Equity Pledge of Administration for Industry and Commerce (Order No.32 of the State Administration for Industry and Commerce).