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BIZCHINA / Tourism |
Regal plans to own up to 20 hotels in China within 5 yearsBy ()
Updated: 2007-06-13 17:03 Regal Hotels International Holdings plans to own up to 20 hotels in China within five years, said Regal's controlling shareholder Lo Yuk-sui. The company plans to expand its presence in gateway and second-tier cities, with the program costing "a few billion dollars," Lo said. The firm will pursue its Chinese mainland expansion through a building program as well as acquisitions. (For more biz stories, please visit Industry Updates)
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