 | |
| Company type | Public |
|---|---|
| SEHK: 78 | |
| Industry | Property |
| Founded | 1979 |
| Headquarters | Hong Kong |
Key people | Lo Yuk Sui, chairman and managing director |
| Products | Hotels, real estate |
| Revenue | HK$1,141m (2005) |
| HK$528m | |
Number of employees | 1,650 |
| Website | www |
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. Lo is the second son of Great Eagle matriarch Lo To Lee-kwan (born 1918).[1][2]
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]
