New World starts to market US$700 million Hong Kong hotel spin-off

The hotel trust, NW Hotel Investments - which includes the Grand Hyatt Hong Kong, the Renaissance Harbour View Hotel and the Hyatt Regency Hong Kong, Tsim Sha Tsui - had a valuation of HK$21.4 billion on March 31, a prelisting document said.

via Business feed http://www.scmp.com/business/companies/article/1258110/new-world-starts-market-us700-million-hong-kong-hotel-spin