REGAL REAL ESTATE INVESTMENT TRUST

Name

REGAL REAL ESTATE INVESTMENT TRUST

Legal name

Regal Real Estate Investment Trust

Website

https://regalreit.com

Company type

Public

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Hotel Real Estate Investment Trust

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (525990), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Investment Trusts (6798), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

akta.pro secondary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

Keywords

• Hotel real estate investment
• Hong Kong hotel REIT
• Hospitality property leasing
• REIT asset management
• Hotel property portfolio

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Others

Revenue model

1. Hotel Property Rental Income: Rental income from hotel properties leased to Favour Link International Limited under long-term lease agreements. The Lessee operates hotel businesses and engages the Hotel Manager for daily operations.
2. Asset Management Fees: Regal Portfolio Management Limited earns fees for managing Regal REIT's hotel properties portfolio, ensuring financial and economic aspects are professionally managed in the interests of unitholders.
3. Hotel Operations Revenue: The Lessee (Favour Link International Limited) is responsible for day-to-day running of hotel businesses. Hotel operations include 4 Regal Hotels and 4 iclub Hotels in Hong Kong.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Regal REIT is a Hong Kong-listed real estate investment trust that owns a portfolio of 8 premium quality hotels with over 4,400 rooms strategically located across Hong Kong. The trust generates revenue primarily through long-term lease agreements with Favour Link International Limited, which operates the hotels under the Regal Hotels and iclub Hotels brands, while Regal Portfolio Management Limited serves as the licensed REIT Manager overseeing asset performance.

Product overview

Regal REIT is a Hong Kong-listed hotel Real Estate Investment Trust operating as a single-asset-class vehicle focused exclusively on hospitality properties. The portfolio comprises 8 premium quality hotels with over 4,400 rooms strategically located across Hong Kong. The portfolio is organized under two distinct sub-brands: the full-service 'Regal' brand hotels offering comprehensive amenities and event facilities, and the select-service 'iclub' brand hotels targeting budget-conscious travelers. Regal REIT does not directly manage hotel operations; instead, it leases properties to Favour Link International Limited (Lessee) and engages Regal Hotels International Limited (Hotel Manager) for daily operations, while Regal Portfolio Management Limited serves as the REIT Manager overseeing asset performance.

Differentiator

Problem solved

Functional benefit

Brands

• iclub Hotels: A sub-brand of hotel properties under Regal REIT, including iclub Wan Chai Hotel, iclub Mong Kok Hotel, iclub Sheung Wan Hotel, iclub Fortress Hill Hotel, iclub AMTD Sheung Wan Hotel, and iclub To Kwa Wan Hotel.
• Regal Hotels

Products and services

• Regal Airport Hotel

Quantifiable outcome

• 8 premium quality hotels with over 4,400 rooms in Hong Kong
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered core and minor.

• Regal Portfolio Management LimitedcoreOthersThe REIT Manager - a wholly-owned subsidiary of Regal Hotels International Holdings Limited (RHIHL, stock code: 78). Licensed by the Securities and Futures Commission to conduct asset management for Regal REIT's hotel properties portfolio. Responsible for managing Regal REIT and ensuring assets are managed in the interests of unitholders.
• DB Trustees (Hong Kong) LimitedcoreOthersThe Trustee of Regal REIT - a wholly-owned subsidiary of Deutsche Bank AG. Responsible for safe custody of Regal REIT's assets for the benefit of unitholders and oversees REIT Manager's activities for compliance with Trust Deed and regulatory requirements.
• Favour Link International LimitedcoreOthersThe Lessee - a wholly-owned subsidiary of RHIHL. Leases all hotel properties (except iclub Wan Chai Hotel) under long-term lease agreements. Responsible for day-to-day running of hotel businesses and engages Hotel Manager under long-term management agreements.
• Regal Hotels International LimitedcoreImplementation/ SI/ Consulting PartnerThe Hotel Manager - a wholly-owned subsidiary of RHIHL. Appointed to provide daily management services to all hotel properties of Regal REIT through long-term hotel management agreements.
• Computershare Hong Kong Investor Services LimitedminorOthersUnit Registrar for Regal REIT. Provides investor services including unitholder registration, transfer services, and distribution payment processing.
• Century City International Holdings LimitedminorOthersParent company of Regal Group. Listed company with interests in property development, hotel operations, and investments.
• Paliburg Holdings LimitedminorOthersListed company within Regal Group with interests in property investments and development.
• Cosmopolitan International Holdings LimitedminorOthersListed company within Regal Group, associated entity of the conglomerate.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Link REIT: The largest REIT in Asia and the flagship HK REIT, focused on retail and car park assets. Comparable as the dominant HK REIT setting the market benchmark for distribution yield, NAV discount, and governance expectations that Regal REIT is benchmarked against.
• Host Hotels & Resorts: Largest US-listed lodging REIT owning luxury and upper-upscale hotel properties. Comparable as a pure-play hotel REIT benchmark for hospitality-specific metrics (RevPAR, hotel EBITDA margins, NAV discount dynamics) that drive Regal REIT's unit price.
• Wharf Real Estate Investment Company Limited: Major HK-listed real estate company with a diversified portfolio including Harbour City and other commercial/hospitality assets. Comparable as a large-cap HK real estate investment vehicle with overlapping hospitality exposure and similar institutional shareholder base.
• Hongkong Land Holdings Limited: Premium HK and Asia commercial real estate company with significant Central HK office and retail holdings. Comparable as a major HK-listed real estate investment vehicle competing for the same pool of HK-focused institutional capital.
• Park Hotels & Resorts: US-listed lodging REIT spun out from Hilton, focused on premium urban and airport hotels. Comparable as a hotel REIT whose portfolio mix — including airport-adjacent properties — closely mirrors Regal REIT's HKIA-exposed Regal Airport and Regala Skycity assets.

Direct peers

• Prosperity REIT: Hong Kong-listed REIT holding a portfolio of commercial properties including hotels, office and retail. Comparable as a small-to-mid cap HK REIT competing for the same pool of yield-seeking Hong Kong unitholders.
• Sunlight REIT: Hong Kong-listed REIT focused on a diversified portfolio of office and retail properties. Directly comparable as another HK REIT under the same regulatory regime, with similar investor base, distribution-driven mandate, and HKEX listing dynamics as Regal REIT.
• Spring REIT: HK-listed REIT historically including hotel assets (Marriott SkyCity) alongside office properties. Most directly comparable peer given its specific hotel-property exposure within an HK-listed REIT structure.
• Yuexiu REIT: HK-listed REIT with properties primarily in Guangzhou and other PRC tier-1 cities. Comparable as a Greater China hospitality-and-office REIT serving similar income-oriented HK and Asian institutional investors.

Others

• Soho China / Wharf Holdings hotel operations: Major HK conglomerates with material hospitality and mixed-use property operations. Comparable as adjacent large-scale Hong Kong property operators that compete for tourism and hospitality demand at the asset level, even if not direct REIT vehicles.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/regalreit

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about REGAL REAL ESTATE INVESTMENT TRUST