Why did Beijing Hongan Aihua Hotel close down?

Beijing Hongan Aihua Hotel used to be one of the leading business hotels in Haidian District, Beijing, but unfortunately, it recently closed down. At present, there is no specific official statement or announcement to announce the reasons for the hotel closure. It is reported that the reason for the closure may be related to the epidemic and the real estate market. Under the influence of COVID-19 epidemic, tourism and hotel industry have been greatly impacted. Some hotels have to adjust their business strategies and scale, and some even have to close down. In addition, the depression of the real estate market may also lead to the loss of hotel customers and difficulties in operation, which has also become one of the reasons for the closure of hotels. The specific reasons need further official confirmation.