Regal Hotels International

Last updated

Regal Hotels Int'l Holdings Ltd.
Company type Public
SEHK:  78
Industry Property
Founded1979;45 years ago (1979)
Headquarters Hong Kong
Key people
Lo Yuk Sui, chairman and managing director
Products Hotels, real estate
RevenueHK$1,141m (2005)
HK$528m
Number of employees
1,650
Website 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.

Contents

Ownership

The company is controlled by its chairman and managing director, Mr Lo Yuk Sui  [ zh ], who speaks for 52.84% of the issued share capital as at 31 December 2005. Lo is the second son of Great Eagle matriarch Lo To Lee-kwan (born 1918). [1] [2]

REIT

In October 2006, the company announced plans to sell and separately list its hotel properties in a Real Estate Investment Trust. [3] 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, [4] and raised HK$2.3 billion. [5]

Hotels

Renovation of the Constellation during 26 October 2007. It was subsequently demolished in 2011-2012 Regal Constellation Oct 26 07 SMALL 01.jpg
Renovation of the Constellation during 26 October 2007. It was subsequently demolished in 2011–2012
Regal Hongkong Hotel Regal Hong Kong Hotel.jpg
Regal Hongkong Hotel
Regal Airport Hotel Regal Airport Hotel 2013.jpg
Regal Airport Hotel

Hong Kong

Shanghai

Dezhou

Former hotels

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References

  1. "Annual Report 2005". Regal Hotels International. 2006. Retrieved 23 March 2007.
  2. Century joy – but split remains, The Standard, 19 November 2018
  3. Wong, Kelvin (23 November 2006). "Regal Hotels to sell Hong Kong REIT". International Herald Tribune . Retrieved 23 March 2007.
  4. Ku, Daisy (13 March 2007). "HK's Regal launches US$375 mln hotel REIT". Reuters/Yahoo!Finance. Archived from the original on 25 March 2007. Retrieved 23 March 2007.
  5. Tim LeeMaster & Yvonne Liu, "Swire considers Festival Walk reit", Page B1, South China Morning Post, 12 July 2007
  6. "Hospitality Investors Group Acquires the 800 room Regal Constellation Hotel at Toronto Airport; Planning Repositioning and Renovation". Yahoo!.
  7. Ginger Yapp. "Bostonian Hotel History". USA Today. Retrieved 19 December 2015.