Why did Yueyang Hansen close down?

Yueyang Hansen was closed only after it was acquired. Hansen Hotel is a large foreign-related hotel built by the American Li De Group. It opened in 2000 and is the best hotel in Yueyang. It was once a smash hit and there was a stretched Lincoln parked at the door. The hotel is quite luxurious inside. Later, it was shut down for unknown reasons, and it was planned to restart in 2017-18, but the market environment was poor and there was no improvement. By 2020, it was rumored to be acquired by Sunshine 100 Group, but there was no action in the later period.