BTG Hotels injects $45m into joint venture, settles debt

** BTG Hotels (SSE: 600258) is injecting 29.34 million yuan into its joint venture, Beijing Huanhui Real Estate Co., Ltd., alongside other stakeholders including Beijing Infrastructure Investment Co., Beijing Urban Construction Group, Wangfujing Group, and BTG. The total investment by all parties amounts to 326 million yuan. This capital injection aims to reduce Beijing Huanhui's debt burden and ensure the sustainable development of its projects, particularly the Wangfujing WellTown project. This mixed-use development, featuring commercial space, hotels, and residential areas, is nearing completion and requires financial support for final stages.