Regal Hotels International Explained
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.
Ownership
The company is controlled by its chairman and managing director, Mr, 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
Hong Kong
- Regal Airport Hotel, at the Hong Kong International Airport
- Regal Skycity Hotel, at the Hong Kong International Airport
- Regal Hongkong Hotel, in Causeway Bay
- Regal Kowloon Hotel, in Tsim Sha Tsui East
- Regal Oriental Hotel, in Kowloon City (formerly called Regal Kai Tak, and Regal Meridien Hong Kong Airport Hotel)
- Regal Riverside Hotel, in Sha Tin
- iclub Wan Chai Hotel, in Wan Chai
- iclub Sheung Wan Hotel, in Sheung Wan
- iclub Fortress Hill Hotel, in Fortress Hill
- iclub To Kwa Wan Hotel, in To Kwa Wan
- iclub Mong kok Hotel, in Mong Kok
- iclub AMTD Sheung Wan Hotel, in Sheung Wan
Shanghai
- Regal International East Asia Hotel
- Regal Shanghai East Asia Hotel
- Regal Jinfeng Hotel
- Regal Plaza Hotel & Residence
Dezhou
- Regal Kangbo Hotel
- Regal Kangbo Hotel and Residence
Former hotels
- Regal Constellation Hotel, a large property near Pearson International Airport in Toronto, Ontario built in 1962. The hotel consisted of two 15 floor towers, a six-storey atrium, a Chinese restaurant and 90000square feet of convention space. Due to declining trade, the hotel was sold to Hospitality Investors Group of Scottsdale, Arizona in 2004 for redevelopment.[6] Now owned by Park'N Fly, the hotel was demolished in 2011–2012 and is currently a vacant lot.
- Regal Bostonian Hotel, a property opposite Faneuil Hall in downtown Boston opened in 1981. Regal bought the hotel in 1996 and sold it to Millennium & Copthorne Hotels in 2002.[7] Now operates as Millennium The Bostonian.
- Regal McCormick Ranch, a property in the master-planned community of McCormick Ranch in Scottsdale, Arizona.
External links
Notes and References
- Web site: Annual Report 2005. Regal Hotels International . 2006 . 23 March 2007 .
- http://www.thestandard.com.hk/section-news.php?id=202363&story_id=50025223&con_type=1&d_str=20181119 Century joy – but split remains
- News: Regal Hotels to sell Hong Kong REIT. Kelvin . Wong . . 23 November 2006 . 23 March 2007 .
- News: HK's Regal launches US$375 mln hotel REIT . Daisy . Ku . Reuters/Yahoo!Finance . 13 March 2007 . 23 March 2007 . dead . https://web.archive.org/web/20070325095518/http://asia.news.yahoo.com/070313/3/2yuld.html . 25 March 2007 . dmy-all .
- Tim LeeMaster & Yvonne Liu, "Swire considers Festival Walk reit", Page B1, South China Morning Post, 12 July 2007
- News: Hospitality Investors Group Acquires the 800 room Regal Constellation Hotel at Toronto Airport; Planning Repositioning and Renovation. .
- Web site: Bostonian Hotel History . Ginger Yapp . USA Today . 19 December 2015.
