It is reported that the Cheng family is selling part of the Rosewood Hotel assets, with the valuation of the Hong Kong Rosewood alone estimated at nearly HKD 16 billion
New World Chairman Zheng Jiachun is seeking buyers for the family-owned Rosewood Hotel Group and exploring the possibility of selling some hotel assets. Negotiations are still in the preliminary stages, and the final outcome remains uncertain. The Rosewood Hotels are managed by Zheng Jiachun's daughter, Zheng Zhiwen, and are part of Chow Tai Fook Enterprises. The Hong Kong Rosewood Hotel is valued at HKD 15.9 billion and has 58 hotels worldwide
According to a report by Bloomberg, New World (017) Chairman Cheng Ka-shun is seeking buyers for the family-owned Rosewood Hotel Group and exploring the possibility of selling some hotel assets. He has already engaged with several companies, but the negotiations are still in the preliminary stages, and there are uncertainties regarding the final outcome. This report is currently inquiring with New World, but there has been no response yet.
Cheng Chih-wen oversees Rosewood hotel business
The Rosewood hotel business is currently overseen by Cheng Ka-shun's daughter, Cheng Chih-wen, and is part of the family's private investment flagship, Chow Tai Fook Enterprises. The brand currently has 58 hotels worldwide, with Rosewood Hong Kong being ranked first in the "World's 50 Best Hotels" this year; according to a debt restructuring plan document, the hotel's valuation has reached HKD 15.9 billion
