Carlson, and its European management company Rezidor Hotel Group AB confirmed that the acquisition of the Regent luxury hotel business by Formosa International Hotels Corporation (FIHC) has been completed. The companies announced on April 16 that they had signed a Master Purchase AgreementFormosa International Hotels were the original developers of the Regent brand. Compared to the development of other brands by Rezidor, this 5 star brand has failed to be developed under the ownership of Rezidor and Carlson, with roughly one opening every two years – compared to the European growth in the Park Inn brand, a snails pace.
The brand development may receive new impetus from the original developers of the brand, but the existing management remains in place as Rezidor retains management contracts for the European properties.
Patrick Goff
