Regal Hotels International
Encyclopedia
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.
. 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
, and raised HKD2.3 billion.
Bermuda
Bermuda is a British overseas territory in the North Atlantic Ocean. Located off the east coast of the United States, its nearest landmass is Cape Hatteras, North Carolina, about to the west-northwest. It is about south of Halifax, Nova Scotia, Canada, and northeast of Miami, Florida...
and listed on the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
. 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.
REIT
In October, 2006, the company announced plans to sell and separately list its hotel properties in a Real Estate Investment TrustReal estate investment trust
A real estate investment trust or REIT is a tax designation for a corporate entity investing in real estate. The purpose of this designation is to reduce or eliminate corporate tax. In return, REITs are required to distribute 90% of their taxable income into the hands of investors...
. However, as the Sunlight REIT spun off by Henderson Land Development
Henderson Land Development
Henderson Land Development Co. Ltd. is a listed property company and a constituent of the Hang Seng Index. The company's principal activities are property development and investment, project management, construction, hotel operation, department store operation, finance, investment holding and...
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
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
of up to 50 percent in Regal Hotels Real Estate Investment Trust, to be co-sponsored by Deutsche Bank
Deutsche Bank
Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...
, Goldman Sachs
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
and Merrill Lynch
Merrill Lynch
Merrill Lynch is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York...
, and raised HKD2.3 billion.
Hotels
Hong Kong
- Regal Airport Hotel, at the Hong Kong International AirportHong Kong International AirportHong Kong International Airport is the main airport in Hong Kong. It is colloquially known as Chek Lap Kok Airport , being built on the island of Chek Lap Kok by land reclamation, and also to distinguish it from its predecessor, the closed Kai Tak Airport.The airport opened for commercial...
富豪機場酒店 - Regal Hongkong Hotel, in Causeway BayCauseway BayCauseway Bay is a heavily built-up area of Hong Kong, People's Republic of China, located on the Hong Kong Island, and covering parts of Wan Chai and Eastern districts. The Chinese name is also romanized as Tung Lo Wan as in Tung Lo Wan Road...
富豪香港酒店 - Regal Kowloon Hotel, in Tsimshatsui East 富豪九龍酒店
- Regal Oriental Hotel, in Kowloon CityKowloon CityKowloon City is an area in Kowloon, Hong Kong. It is named after the Kowloon Walled City, and is administratively part of Kowloon City District....
富豪東方酒店 - Regal Riverside Hotel, in Shatin 沙田麗豪酒店
- Regal iClub Hotel, in Wan ChaiWan ChaiWan Chai is a metropolitan area situated at the western part of the Wan Chai District on the northern shore of Hong Kong Island, in Hong Kong. Its other boundaries are Canal Road to the east, Arsenal Street to the west and Bowen Road to the south. The area north of Gloucester Road is often called...
富豪薈
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
Former hotels
- 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 90000 square feet (8,361.3 m²) of convention space. Due to declining trade, the hotel was sold to Hospitality Investors Group of Scottsdale, ArizonaScottsdale, ArizonaScottsdale is a city in the eastern part of Maricopa County, Arizona, United States, adjacent to Phoenix. According to the U.S. Census Bureau, as of 2010 the population of the city was 217,385...
in 2004 for redevelopment.