Regal Hotels International

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Regal Hotels Int'l Holdings Ltd.
Type public
Traded as SEHK0078
Industry Property
Headquarters Hong Kong, People's Republic of China
Key people Lo Yuk Sui, Chairman & Managing Director
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 one of the largest hotel groups 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]

REIT[edit]

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 21 December, Regal chose to delay its offer.

On 13 March 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 raised HKD2.3 billion.[4]

Hotels[edit]

Renovation continues at the Constellation. As of 26 October 2007, the Constellation is still under re-development.

Hong Kong[edit]

Shanghai[edit]

  • Regal International East Asia Hotel 富豪環球東亞酒店
  • Regal Shanghai East Asia Hotel 上海富豪東亞酒店
  • Regal Jinfeng Hotel 富豪金豐酒店
  • Regal Regal Plaza Hotel & Residence 富豪會展公寓酒店.

DeZhou[edit]

  • Regal Kangbo Hotel 德州富豪康博酒店

Former hotels[edit]

  • 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 (8,400 m2) of convention space. Due to declining trade, the hotel was sold to Hospitality Investors Group of Scottsdale, Arizona in 2004 for redevelopment.[5]

References[edit]

  1. ^ "Annual Report 2005". Regal Hotels International. 2006. Retrieved 23 March 2007. 
  2. ^ Wong, Kelvin (23 November 2006). "Regal Hotels to sell Hong Kong REIT". International Herald Tribune. Retrieved 23 March 2007. 
  3. ^ Ku, Daisy (13 March 2007). "HK's Regal launches US$375 mln hotel REIT". Reuters/Yahoo!Finance. Retrieved 23 March 2007. 
  4. ^ Tim LeeMaster & Yvonne Liu, "Swire considers Festival Walk reit", Page B1, South China Morning Post, 12 July 2007
  5. ^ "Hospitality Investors Group Acquires the 800 room Regal Constellation Hotel at Toronto Airport; Planning Repositioning and Renovation". Yahoo!. 

External links[edit]