Wuhan Wanda Realm Hotel second auction price reduced to starting bid of 340 million yuan at a 56% discount

NightAirdropper · 2026-02-14T07:01:54+00:00

Wuhan R&F Wanda Realm Hotel will undergo a second auction on February 26, with a starting bid of 340 million yuan, a 20% decrease from the first auction. The hotel is located in the East Lake Scenic Area and includes multiple facilities, with land use rights valid until 2052.

NightAirdropper

2026-02-14 07:01:54

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Guandian.com News: Recently, the Taobao Online Judicial Auction Platform announced that the Wuhan R&F Wanda Realm Hotel located at No. 105 Donghu Road, Wuchang District, Wuhan, will be auctioned for the second time at 10:00 AM on February 26. The starting bid is 340 million yuan, which is 56% of the assessed value of 606 million yuan, a 20% decrease from the first auction price of 424 million yuan.

The auctioned property is the entire building of Blocks 1-21 on Plot K3-2, held by Wuhan Wanfu Hotel Management Co., Ltd. The land use rights extend until October 2052, covering 13,000 square meters, with a total construction area of 40,700 square meters. It includes over 400 guest rooms, a swimming pool, banquet hall, and other facilities. Located in the core of Chu River Han Street, adjacent to East Lake Scenic Area. According to publicly available information, the first auction was unsuccessful due to no bids, and this price reduction is seen by industry insiders as an acceleration of asset clearance.

Disclaimer: The content and data of this article are compiled by Guandian based on publicly available information and do not constitute investment advice. Please verify before use.

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