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Regal Hotels International

Regal Hotels Int'l Holdings Ltd.
Company typePublic
SEHK78
IndustryProperty
Founded1979; 45 years ago (1979)
HeadquartersHong Kong
Key people
Lo Yuk Sui, chairman and managing director
ProductsHotels, real estate
RevenueHK$1,141m (2005)
HK$528m
Number of employees
1,650
Websitewww.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.

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 Hongkong Hotel
Regal Airport Hotel

Hong Kong

Shanghai

  • 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 Plaza Hotel & Residence (富豪會展公寓酒店)

Dezhou

  • Regal Kangbo Hotel (德州富豪康博酒店)
  • 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 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.[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.

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.
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Regal Hotels International
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