Sino Land will study the possibility of restructuring its hotel interests and relationship with Sino Hotels, according to chairman Robert Ng Chee Siong.
The company would review the existing holding structure of its hotel interests in the next six to 12 months, to see if there was room for restructuring, he said.
Sino Land is the property development arm of Tsim Sha Tsui Properties, which is controlled by the Ng family. Sino Hotels is controlled directly by the family. Both Sino Land and Sino Hotels own and control certain hotel interests.
Sino Hotels owns a 50 per cent interest in Conrad International Hotel in Admiralty, a 25 per cent interest in Royal Pacific Hotel and Towers in Tsim Sha Tsui and wholly owns City Garden Hotel in North Point.
Sino Land, which holds a 30 per cent interest in Conrad, has expanded into hotel investment in Singapore in recent years.
Mr Ng said the group invested in the Fullerton Hotel project in Singapore because it had an amount of money pending investment at that time.
The development cost of the 400-room hotel was estimated at S$400 million (about HK$1.78 billion).