Is it true that the White Swan Hotel was taken back?

It is not true that the White Swan Hotel was taken back. White Swan Hotel is the first Sino-foreign cooperative five-star hotel in China since the founding of New China. It is a national brand high-end hotel with unique historical significance that witnessed and participated in China's reform and opening up. The Beijing News inquired that the cooperation period of White Swan Hotel expired after 20 years of development. At that time, the Guangdong provincial government did not propose to take back the White Swan, but asked Mr. Fok Yingdong to buy or lease it and continue to operate the White Swan Hotel. So it's not true that the White Swan Hotel was taken back.