Hotels
Hong Kong Hotel Heir Bets Billions on Middle East Expansion
- Regal is building dozens of hotels in the Middle East, says Lo
- The third-generation heir is committed to green hotels
Hailing from one of Hong Kong’s most influential clans, Poman Lo has an ambitious plan for her family’s hotel business — venturing into a region relatively untouched by the city’s developers with dozens of green hotels.
Regal Hotels International Holdings Ltd. is partnering with the Ministry of Investment of Saudi Arabia to build about 100 hotels around the world worth $5 billion, with an emphasis on the Middle East. It will have about 30 hotels in Saudi Arabia, Lo, vice chairman and managing director at Regal, said in an interview.