Rosewood Hotel Group
Privately owned hotel chain / From Wikipedia, the free encyclopedia
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Rosewood Hotel Group,[4][1] also known for its former trading names New World Hotel Group,[4] New World Hospitality[1][5] and legal names New World Hotel Management (BVI) Limited,[5] New World Hotel Management Limited[6] is a Hong Kong-based multi-national hotel management group and the parent company of Rosewood Hotels & Resorts (founded in 1979). The company is incorporated in the British Virgin Islands as an offshore company. As of 2016, Rosewood Hotel Group was owned by Chow Tai Fook Enterprises,[7] having acquired Rosewood Hotel Group in 2015 from Chow Tai Fook Enterprises' listed associate company New World China Land for HK$1.96 billion.[3]
Formerly |
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Company type | Subsidiary | ||||
Industry | Hospitality | ||||
Predecessor |
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Founded | 2005; 19 years ago (2005) in Hong Kong | ||||
Founder | New World China Land | ||||
Headquarters |
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Area served | Worldwide | ||||
Key people | Sonia Cheng (CEO)[1][2] | ||||
Brands |
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Services | Hotel management | ||||
Total equity | HK$1.934 billion (31 March 2015) | ||||
Parent | Chow Tai Fook Enterprises | ||||
Subsidiaries |
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Chinese name | |||||
Traditional Chinese | 瑰麗酒店集團 | ||||
Simplified Chinese | 瑰丽酒店集团 | ||||
Literal meaning | exceptionally beautiful hotel group | ||||
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Website | rosewoodhotelgroup | ||||
Footnotes / references source of financial data[3] |
Rosewood Hotel Group is headed by Sonia Cheng, daughter of Henry Cheng and granddaughter of the late Cheng Yu-tung, the patriarchs of Chow Tai Fook Enterprises and New World Development.[8] She was appointed as the executive vice-chairman of New World Hotel Management Limited in February 2009 and one of the executive director of New World China Land, the parent company at that time in January 2010.[9]: 77