Shimao Property Holdings is considering spinning off its tourism-related property arm, including hotels, theme parks and golf courses, after announcing a 41 per cent rise in underlying full-year profit last year.
'We are doing preparation work now, but [there's] no timeframe for the listing at the moment,' said vice-chairman and executive director Jason Hui Sai-tan.
Currently, the firm owns three hotels, with 1,994 rooms, and three others - Hilton Shimao Nanjing, Holiday Inn Shimao Shaoxing and Hilton Shimao Tianjin - will be completed this year.
Its tourism property arm has a land bank of 3.63 million square metres in 20 cities.
The company abandoned plans to list its mainland hotel operations on the Hong Kong stock exchange in 2009 after the market slumped following the global financial crisis.
Chairman Hui Wing-mau said the group was building senior citizens' homes, cinemas and three theme parks to diversify its source of income.