Market Chatter: Regal Hotels Puts Up Hotel in Kowloon City For Sale

MT Newswires Live

Oct 09

Regal Hotels International (HKG:0078) is looking to sell its Regal Oriental Hotel in Kowloon City, Hong Kong, at an estimated HK$1.5 billion, The Standard reported Wednesday, citing local media.

The property, which is made up of 494 rooms, could be redeveloped into student accommodation, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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