Taiwanese hotel company Formosa acquires Regent Hotels & Resorts

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Jul 12, 2010

Committed to expansion plan in Asia, including Bangkok Bali and Phuket

Following the acquisition of Regent Hotels and Resorts (www.regenthotels.com) from privately-held Carlson Hospitality Group and Brussels-based Rezidor Hotel Group, Formosa International Hotels Corporation, the largest and most profitable hotel company listed on the Taiwan Stock Exchange, announces a new global leadership team for Regent Hotels & Resorts.

 

FIHC succeeded over 20 other bidders for the brand including some of the world’s leading luxury hotel groups and developers, during 6 months of intensive competition. FIHC prevailed because it has a long history with the Regent as the original owner of the Regent Taipei. The hotel was conceptualized by Regent Founder Robert Burns and stylized after the iconic Regent Hong Kong. FIHC has grown to become a leading luxury hotel group in greater China, with its flagship Regent Taipei consistently the most profitable Regent hotel in the world.

 

“Regent was born in Asia, has a strong brand recognition in Asia, and is now coming home to Asia” said Steven Pan, Chairman of Regent and FIHC.

 

Regent was founded in the 1970s by American Robert H. Burns, who was joined soon after by an Asian Adrian Zecha (who later founded Amanresorts) and a European Georg Rafael, who made it the world’s most admired luxury hotel brand. It was the first to introduce the 5-fixture bathroom and the villa resort concept, which have since become worldwide luxury hotel standards. Regent was also the first truly Asia-based global hospitality group in an industry that had previously been dominated by European and American brands.

 

In the company’s golden years of the 1980s and 1990s, Regent properties were among some of the world’s best hotels and included the iconic Regent Hong Kong and Regent Beverly Wilshire. Properties under development in New York, Bali, Milan, and Istanbul were later opened as Four Seasons when the brand was sold to Four Seasons, and then later to Carlson.

 

The new Regent Chairman Steven Pan is setting out to restore the brand to its former glory with the same global mix of leadership directly linked to the original Regent DNA. He invited founder Robert Burns to return as Honorary Chairman to serve as the brand’s guiding light. He then appointed Ralf Ohletz as President, who has worked with Regent co-founder Adrian Zecha for 25 years creating some of the world’s most groundbreaking hotels such as the Sukhothai Bangkok and The Setai in Miami.

 

Burns is a native of New York and has spent six decades in the hotel industry. He began his career in the late 1940s at the Waldorf-Astoria while attending New York University. In 1970, he founded Regent International Hotels in Hong Kong along with Adrian Zecha and Georg Rafael. Over 22 years, the group opened 17 luxury hotels in key locations around the world. The flagship of the portfolio was The Regent Hong Kong. Burns sold his interest in Regent to Four Seasons Hotels & Resorts in 1992.

 

Ohletz is a native of Germany where he attended the School of Hotel Administration in Heidelberg. He later attended the Cornell School of Hotel Administration before launching his career at the London Hilton. He subsequently worked at some of the world’s leading hotels including: The Oriental Singapore, The Mandarin Hong Kong and The Pierre in New York. He began a long collaboration with Zecha as part of the development team for Beaufort Hotels. In 1992, Ohletz once again joined Zecha at GHM Hotels where he was responsible for such admired luxury hotels as The Datai, Langkawi; The Chedi, Muscat; The Legian, Bali and The Setai; Miami.

 

The new Regent development focus will be partnering only with the very top developers and owners, creating bespoke mixed use properties and ensuring pride of ownership. “As we bring Regent back home to Asia,” said Pan, “expansion in Asia is a natural for us, and China will play a critical role as a rapidly growing economic superpower.”

 

Regent also looks to return to gateway cities such as Hong Kong, New York, Los Angeles, London and Shanghai in addition to its current pipeline projects in Abu Dhabi, Bali, Bangkok, Doha, Dubrovnik, Gurgaon, Kuala Lumpur, Maldives, Phuket, and Puerto Rico.

 

Existing Regent properties are located in Beijing, Berlin, Bordeaux, Taipei, Turks & Caicos, Singapore and Zagreb.


About Formosa International Hotel Corporation

FIHC is the largest and most profitable hotel company listed on the Taiwan Stock Exchange, with market capitalization in excess of one billion dollars and debt free. FIHC owns its flagship Grand Formosa Regent Taipei, 538 rooms, eight restaurants, and 150,000 m2 of banquet space. The hotel also has the first and foremost luxury shopping area of its kind in Asia encompassing over 25 flagship stores such as Chanel, Hermes, Cartier, Dior, Prada and Harry Winston. In addition, FIHC operates lifestyle hotel brand SILKS and multiple restaurant brands throughout the greater China region. FIHC’s financial advisor is Mr. Carl Chien of JP Morgan Taiwan. For more information on Formosa International, please visit www.grandformosa.com.tw/.

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