Traditional Culture Encyclopedia - Hotel franchise - Why can't Beijing Hongkun International Hotel be implemented because it owes more than one billion yuan?

Why can't Beijing Hongkun International Hotel be implemented because it owes more than one billion yuan?

Only the assets of Hongkun Hotel in Taifeng Company can be executed.

The lawsuit was won, but the judgment could not be executed.

Chen Weiping, the owner's lawyer, said that after searching by lawyers and courts, Taifeng Company only had the assets of the building of Hongkun Hotel for execution, but after the property right of that building was sealed up, it was auctioned twice and failed.

"This building can't be sold, and the owners and other creditors can't get rid of it." Chen Weiping believes that the feasible way now is to apply for the bankruptcy of Hongkun Hotel, clarify all legal relations, and let the third party enter the reorganization or purchase the building after the bankruptcy administrator intervenes.

It is reported that some owners have submitted materials to the Second Intermediate People's Court to apply for hotel bankruptcy, and are still waiting for the court's reply.