Why is Hainan New State Guesthouse closed?

There is a funding gap in commercial operations.

Hotels like Haikou New State Guesthouse have closed down and the auction has been put on hold for the time being. It can be understood that there is a funding gap in commercial operations and it is impossible to operate.

Hainan New State Guesthouse closed for renovation after seeing off the last group of guests, and it is planned to appear as a new look of Haikou Seaview Intercontinental Resort Hotel. However, HNA has recently fallen into crisis.