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Regal plans to own up to 20 hotels in China within 5 years

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Updated: 2007-06-13 17:03

Regal Hotels International Holdings plans to own up to 20 hotels in China within five years, said Regal's controlling shareholder Lo Yuk-sui.

The company plans to expand its presence in gateway and second-tier cities, with the program costing "a few billion dollars," Lo said.

The firm will pursue its Chinese mainland expansion through a building program as well as acquisitions.


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