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2007-6-13 09:04:00 a.m. HKT, XFNA
Regal plans to own up to 20 hotels in China within 5 years - report
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BEIJING (XFN-ASIA) - Regal Hotels International Holdings plans to own up
to 20 hotels in China within five years, the South China Morning Post
reported, citing 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 mainland expansion through a building program as
well as acquisitions, the Hong Kong newspaper reported.
andrew.pasek@xinhuafinance.com xfnap/xfnap/xfntm
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