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Regent Hotels and Resorts Signs Strategic Alliance Agreement with Rezidor Hotel Group

Wednesday, September 19, 2012
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Regent Hotels and Resorts (RHR), wholly owned by Formosa International Hotels Corporation (FIH), has signed a long-term Strategic Alliance Agreement for the Regent brand with Rezidor Hotel Group AB, one of the fastest growing hotel groups worldwide. Effective immediately, Rezidor will exclusively develop and operate Regent hotels in Russia/CIS, Baltics, Middle East and Africa; and jointly with RHR develop and operate new Regent hotels in the rest of Europe. Regent will continue operating existing Regent hotels in Europe.

“We are honored to partner with Mr. Kurt Ritter and his team at Rezidor; the leading hotel operator in the EMEA region with special insight and experience with the Regent brand,” said Steven Pan, Chairman of Regent Hotels and Resorts. “Our cooperation will further strengthen our growth strategy while Regent continues to focus on luxury hotel residential mixed use projects in the region. Together we hope to significantly increase the Regent hotel portfolio and international network.”,

Formosa International Hotels Corporation acquired the Regent brand and business in 2010 from Carlson and Rezidor, and since then Regent has refined its gracious Asian hospitality in order to position Regent at the forefront of the international five-star hotel market. With this Strategic Alliance, Regent will continue to focus primarily on mixed use development projects combining luxury hotels with branded residential components in the EMEA region. RHR currently operates Regent hotels in Beijing, Berlin, Taipei, Turks & Caicos and Zagreb. Projects under development include properties in Abu Dhabi, Bali, Doha, Kuala Lumpur, Montenegro and Phuket.

“We would like to thank Steven Pan and his team for their trust in Rezidor,” said Kurt Ritter, President & CEO of Rezidor. “The acquisition of the Regent brand and business by Formosa in 2010 allowed us to focus on our core brands Radisson Blu and Park Inn by Radisson, and to strengthen our network in 70 countries across EMEA. A luxury brand was however never off our agenda, and we are delighted to complement our portfolio with Regent now.”

Regent was first launched in 1970 by the legendary hotelier Robert H. Burns who later teamed up with hoteliers Adrien Zecha and Georg Raphael. The flagship Regent Hong Kong opened its doors in 1980. During the 1980s and 1990s, Regent became the leading luxury brand, opening 17 hotels around the world, including the iconic Regent Beverly Wilshire in 1989. In 1992, the brand was acquired by Four Seasons whose portfolio today contains many rebranded Regent hotels in New York, Beverly Hills, Bali, Milan, Istanbul, Singapore, Bangkok and Chiang Mai. In 1997, Carlson became the new owner and added the Regent Seven Seas Cruise to the Regent portfolio in 2005. When FIHC acquired Regent in 2010, founder Robert H. Burns also returned to the brand and serves today as the Honorary Chairman. In 2011, RHR became the first and only international luxury brand with all managed hotels listed in the Condé Nast Traveler's Readers Choice Awards.

About FIH
FIH Regent Group is the largest and most profitable hotel company listed on the Taiwan Stock Exchange. Founded in 1991, it owns an international luxury hotel brand REGENT and operates Regent Galleria – the leading hotel shopping galleria in Asia as well as SILKS; a lifestyle hotel brand and JUST SLEEP; an affordable design hotel chain. In addition, FIH operates the world renowned restaurant complex Silks Palace at the National Palace Museum and is associated with two luxury serviced apartments in China and Taiwan. For more information, visit www.fihregent.com.

About Regent
Regent is a global luxury hospitality brand encompassing hotels, resorts, residences and cruises. Regent Hotels & Resorts currently operates hotels in Beijing, Taipei, Singapore, Berlin, Zagreb and Turks and Caicos, with hotels and resorts under development in Bali, Phuket, Kuala Lumpur, Montenegro, Doha and Abu Dhabi. Florida-based Regent Seven Seas Cruises operates an award-winning fleet of medium-sized luxury cruise ships that visit over 300 ports worldwide. In 2011, all Regent managed hotels were selected in Condé Nast Traveler’s Readers Choice awards for the best luxury hotels in the world, being the first international luxury hotel group to ever achieve this recognition. For more information, visit www.regenthotels.com.

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