Regent Hotels, a luxury brand currently owned by Carlson and operates under a master franchise agreement with the Rezidor Hotel Group, has been sold to Formosa International Hotels Corporation (FIHC). The acquisition also includes the hotel management and lease contracts for properties in operation and under development, as well as the Regent Seven Seas Cruises license.
"We are confident that Regent will thrive under the direction of Formosa," says Hubert Joly, president and CEO of Carlson. "The company’s thorough knowledge of the brand and access to capital are vital to the continued development of this tremendous luxury brand. With this transaction, we will be able to focus our resources on growing our core brands, especially Radisson, Country Inns & Suites, and Park Inn, as outlined in our Ambition 2015 strategy."
Regent plans to return to cities such as Hong Kong, Tokyo, Shanghai, New York, Beverly Hills, London, Paris, and Sydney.
