CHINA'S CITIC BUYS H.K. HOTEL FROM CHEUNG KONG

  The Peking-owned China International
  Trust and Investment Corp (Citic) bought the unfinished City
  Garden Hotel in Hong Kong from a subsidiary of Cheung Kong
  (Holdings) Ltd &lt;CKGH.HKG> for 235 mln H.K. Dlrs, Cheung Kong
  director Albert Chow said.
      Cheung Kong's subsidiary &lt;International City Holdings Ltd>
  will complete work on the hotel by the end of 1988, when it
  will be handed over to Citic. The deal does not include the
  decoration or fitting out of the interior of the hotel.
      The 600-room hotel stands on a 26,700 sq ft site on the
  eastern side of Hong Kong island.
  

