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Regal Hotels International
From Wikipedia, the free encyclopedia
| Regal Hotels Int'l Holdings Ltd. | |
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| Type | public SEHK: 0078 |
|---|---|
| Founded | |
| Headquarters | Hong Kong, People's Republic of China |
| Key people | Lo Yuk Sui, Chairman & Managing Director |
| Industry | Property |
| Products | Hotels, Real estate |
| Revenue | HKD 1,141m (2005) |
| Net income | HKD 528m |
| Employees | 1,650 |
| Website | http://www.regalhotel.com/ |
Regal Hotels International (RHI) is the largest hotel group in Hong Kong. Regal Hotels International Holdings Limited is a company incorporated in Bermuda and listed on the Hong Kong Stock Exchange. The company is controlled by its Chairman and Managing Director, Mr Lo Yuk Sui, who speaks for 52.84% of the issued share capital as at 31 December 2005[1].
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In October, 2006, the company announced plans to sell and separately list its hotel properties in a Real Estate Investment Trust[2]. However, as the Sunlight REIT spun off by Henderson Land Development fell by 6.5% on its market debut on December 21, Regal chose to delay its offer.
On March 13, 2007, Regal announced its public offer for sale of up to 50 percent in Regal Hotels Real Estate Investment Trust, to be co-sponsored by Deutsche Bank, Goldman Sachs and Merrill Lynch[3], and is expected to raise HKD14 billion.
- Regal Airport Hotel, at the Hong Kong International Airport
- Regal Hongkong Hotel, in Causeway Bay
- Regal Kowloon Hotel, in Tsimshatsui East
- Regal Oriental Hotel, in Kowloon City
- Regal Riverside Hotel, in Shatin
- Regal International East Asia Hotel, Shanghai
- Regal Shanghai East Asia Hotel.
- Regal Constellation Hotel, a large property near Pearson International Airport near Toronto, Ontario built in 1962. The hotel consisted of two 15 floor tower, 6 storey atrium, a Chinese restaurant and 90,000 square feet of convention space. Due to declining trade, the hotel was sold to Hospitality Investors Group of Scottsdale, Arizona in 2004 for redevelopment[4].
- ^ Annual Report 2005. Regal Hotels International (2006). Retrieved on March 23, 2007.
- ^ Wong, Kelvin. "Regal Hotels to sell Hong Kong REIT", International Herald Tribune, November 23, 2006. Retrieved on March 23, 2007.
- ^ Ku, Daisy. "HK's Regal launches US$375 mln hotel REIT", Reuters/Yahoo!Finance, March 13, 2007. Retrieved on March 23, 2007.
- ^ "Hospitality Investors Group Acquires the 800 room Regal Constellation Hotel at Toronto Airport; Planning Repositioning and Renovation", Yahoo!.
