Why was Dongguan Overseas Chinese Hotel abandoned?

Economic crisis, probably! Why do overseas Chinese hotels, which have an important position in Dongguan people's minds, have to be auctioned? Director Chen explained that the auction was mainly conducted in accordance with the relevant spirit of the central authorities. In August, 20001year, the Dongguan Municipal Government issued the "Implementation Opinions on Further Accelerating the Reform and Development of Municipal Enterprises", clearly stating that Dongguan will complete the reform task of municipal enterprises within two years. Based on this consideration, overseas Chinese hotels, Dongguan hotels and other enterprises are all within the scope of transformation. At present, 5 18 of the 567 municipal enterprises in Dongguan have completed restructuring, accounting for 9 1% of all municipal enterprises. On the other hand, with the rapid economic development in Dongguan, there are more and more star-rated hotels in Dongguan. At present, there are seven five-star hotels, and the competition in the hotel industry is becoming more and more fierce. Although there is no business crisis in Huada, in this case, the early withdrawal of the government can not only maintain the preservation and appreciation of state-owned assets, but also enter through private capital. In August 2005, Huaqiao Hotel, once one of the landmark buildings in Dongguan, the image representative of Dongguan's foreign reception hotel and the first four-star hotel proud of "Old Dongguan", stopped room service. Previously, the entertainment facilities and western restaurant of Overseas Chinese Hotel had been closed. The staff of Huaqiao Hotel said that although it had been reported that the hotel was closed before, it was closed too suddenly, and it was also suggested that passengers who had booked rooms should check out. On June 30th, 2005, Dongfang Hotel, the only revolving restaurant in Dongguan, closed down. In just half a month, two established hotels in Guancheng District closed down one after another. There were two "generals" missing from the once prosperous canal business circle, which made the "old Dongguan people" cry.