©Reuters. FILE PHOTO: General view of leisure facilities located in front of the Atlantis Sanya hotel in Sanya, Hainan province, China, April 26, 2018. REUTERS/Bobby Yip/File Photo
(Reuters) – Fosun Tourism Group said on Thursday it was reviewing its business portfolio, in response to a Reuters report that it was exploring the sale of a hotel resort.
Fosun International is looking to sell all or part of its Atlantis luxury resort in southern China as part of its efforts to reduce debt, Reuters reported on Tuesday citing sources. Hong Kong-listed Fosun Tourism Group unit owns the resort.
“Fosun Tourism constantly reviews and optimizes its business portfolio, focuses on growing core businesses and will continue to strengthen operational capabilities,” the tourism company said in a statement.
“The company’s business is performing well with stable financial conditions,” he added.
Fosun Tourism accounts for 9% of Fosun International’s overall revenue. Its other major asset is Club Med and sources said it is also exploring selling a minority stake in the luxury resort chain, Reuters reported last month.
The Fosun International conglomerate’s other businesses range from healthcare, financial services and real estate.