New owner of Regent Hotels plans luxury London hotel
Formosa International Hotels Corporation (FIHC), which last week purchased Regent Hotels from Carlson and the Rezidor Hotel Group, says it hopes to launch a luxury hotel in London.
The US$56m (£37m) deal saw FIHC, which owns the Grand Formosa Regent hotel in Taipei, Taiwan, take on the hotel management and lease contracts for all 17 Regent properties in operation, as well as those under development.
According to FICH's chairman Steven Pan, the company hopes to launch mixed-use hotels, incorporating upscale residential property and shopping malls, in major cities such as London, Shanghai, New York, Paris and Sydney.
"Our mission is to build Regent into the most admired luxury hotel brand in the world that exceeds even the high expectations of Regent owners and guests," he said.
This year sees a Regent hotel opening in the Maldives, with properties in Phuket and Bali set to launch in 2011. A further five, including sites in Abu Dhabi and Bangkok, are on course for 2012.
Formosa International Hotels to buy Regent Hotels >>
Rezidor in new deal for Carlson hotels >>
Planning permission sought for Four Seasons' third London hotel >>
By Tom Vaughan
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