Hotel Corp. owns two hotels: Hotel A and Hotel B. According to the best information that the company has, the market value of Hotel A is $2.5 million and the market value of Hotel B is $7.5 million. Last year, Hotel A generated revenues of $2.5 million, and Hotel B generated revenues of $7.5 million. Also last year, Hotel A generated pre-tax income of $250,000, and Hotel B generated pre-tax income of $750,000. Hotel Corp. wishes to sell Hotel B to a buyer.

Is the approval of Hotel Corp.'s shareholders necessary for this sale? Explain.