Traditional Culture Encyclopedia - Hotel franchise - Why is Shengfeng Hotel in Guiyang closed?

Why is Shengfeng Hotel in Guiyang closed?

The owner of Shengfeng Hotel (that is, the boss) sold the hotel. It is said that he lost a lot of money because of gambling. All the properties of Shengfeng Hotel, including land, real estate and fixed assets, were sold to Bank of China, with a rumored price of 460 million yuan.

I used to work in Shengfeng, but when the hotel was sold, I lost my job.

Now that place is the property of the Bank of China.