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Regent Accelerates Its Global Expansion

July 26, 2017 Hotel Developments No Comments Email Email

Regent Hotels Group, the original Asian luxury hospitality company, is pleased to unveil three mixed-use developments comprising of hotel and branded residences. Regent has been a pioneer in creating iconic mixed-use developments that unite premium residential, retail and hotel components. It was the first hotel group to offer true luxury hotel shopping with the opening of Regent Galleria at Regent Taipei in 1990.

In June 2017, Regent Hotels Group and prominent Vietnamese property developer BIM Group signed a management contract for a mixed-use development in Phu Quoc, Vietnam. Regent Phu Quoc is expected to open in 2019, and comprises of a luxury resort with branded residential units. Even in its early stages of development, the property scooped the award for New Hotel Construction & Design Vietnam at the 2017 Asia Pacific Property Awards.

Regent’s agreement with BIM Group will be followed swiftly by the launch of Regent Pool Club Residences at Regent Porto Montenegro in July 2017. Designed by the award-winning WATG architects of London, the second phase is located adjacent to the existing Regent Porto Montenegro hotel, and overlooks Porto Montenegro’s superyacht -TYHA, which was awarded Super Yacht Marina of the Year. Residents of Regent Pool Club will have direct access to the facilities and services of the award-winning five-star hotel. The first phase of Regent Porto Montenegro has received worldwide acclaim since its launch in August 2014.

Regent Jakarta and Regent Residences Jakarta will be the next mixed-use development project. It is scheduled to open in 2018 in the heart of Indonesia’s vibrant capital city. The result of a collaboration between Regent Hotels Group and KG Global Development, Regent Jakarta will form part of the new Mangkuluhur City development, which offers myriad shopping, dining and entertainment options. The property has received four design awards- Best Condo Development (Indonesia), Best Luxury Condo Development (Jakarta), Best Residential Interior Design and Highly Commended Residential Architectural Design at the inaugural Indonesia Property Awards in 2015.

Commenting on the developments, Mr. Steven Pan, Chairman of Regents Hotels Group said, “The mixed-use business model is our commitment to maximize owner return through innovative concepts and entrepreneurship. The development of a luxury hotel is a long-term investment; using the Regent brand as an anchor, we can deliver exceptional products and provide immediate capital return through residential sales.”

To further expand its global footprint, Regent Hotels Group is continually seeking growth opportunities that align the right partners with winning locations in gateway cities. Regent Jakarta presents all three opportunities and its development is an important milestone in the international growth strategy for the Regent brand. By launching the second phase of Regent Porto Montenegro and signing the management contract for the development of Regent Phu Quoc, Regent Hotels Group expects to adapt its successful management expertise in luxury hotel to residential development.

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