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.