REIT
In October, 2006, the company announced plans to sell and separately list its hotel properties in a Real Estate Investment Trust. 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.
Read more about this topic: Regal Hotels International