SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Dragon Gate up for sale again – for 40 million

» Updated: 25 September 2024, 15:34

» Published: 20 June 2024

Dragon Gate up for sale again – for 40 million
Photo: Pernilla Wahlman/TT

The hotel and restaurant complex Dragon Gate, located at the E4 motorway exit to Älvkarleby, is up for sale again. The eternal project, which began 20 years ago, is on the market for 40 million kronor, reports Upsala Nya Tidning.

Even though we bought it for a smaller sum, we have invested a lot of money in Dragon Gate, says part-owner Thomas Sonesson to UNT.

It was 2004 when businessman Li Jingchun purchased an old hotel on the site, with the aim of converting it into "China's window to Sweden". The area features, among other things, a large building in Chinese style and a large statue depicting a Buddhist saint.

However, the project has been plagued by workplace violations and delays, and has changed owners several times. The last time was in 2018, when it took over a year to sell the property, which has mostly been empty.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Most Up on Wall Street
1 MIN READ

Most Up on Wall Street

Cognac workers strike against barrel export
1 MIN READ

Cognac workers strike against barrel export

Crisis Expert Becomes Chairman of Northvolt One
1 MIN READ

Crisis Expert Becomes Chairman of Northvolt One

"Minecraft" takes a place in the amusement park
2 MIN READ

"Minecraft" takes a place in the amusement park

He becomes the new chairman of the Building Workers' Union
1 MIN READ

He becomes the new chairman of the Building Workers' Union

Norway opens up for tourist tax
2 MIN READ

Norway opens up for tourist tax

Danish weight loss success enters China
1 MIN READ

Danish weight loss success enters China

Minister pleased with authorities "stepping up"
1 MIN READ

Minister pleased with authorities "stepping up"

War escalation worried the stock market
2 MIN READ

War escalation worried the stock market

Cautious Consumers - a Challenge for Synsam
1 MIN READ

Cautious Consumers - a Challenge for Synsam

Svantesson: The Consumer Has a Great Responsibility
2 MIN READ

Svantesson: The Consumer Has a Great Responsibility

Fake ID apps spread among young people: "Well-made"
2 MIN READ

Fake ID apps spread among young people: "Well-made"

Mostly Upwards on Asian Exchanges
1 MIN READ

Mostly Upwards on Asian Exchanges

Media: Battle over Trump's Finance Minister Post
2 MIN READ

Media: Battle over Trump's Finance Minister Post

Google may be forced to sell Chrome
2 MIN READ

Google may be forced to sell Chrome

Tesla wins on the stock exchange in the USA
1 MIN READ

Tesla wins on the stock exchange in the USA

Internal Criticism: "Trying to Become the Fifth Bourgeois Party"
2 MIN READ

Internal Criticism: "Trying to Become the Fifth Bourgeois Party"

VW: In close contact with Northvolt
1 MIN READ

VW: In close contact with Northvolt

Insider conspiracy investigated – decision on prosecution imminent
2 MIN READ

Insider conspiracy investigated – decision on prosecution imminent

Viaplay's largest owner heading for the stock exchange
1 MIN READ

Viaplay's largest owner heading for the stock exchange