Regal Hotels International Holdings is expected to delay the spin-off of its core operating assets through a real estate investment trust until early next year, market sources said. The Hong Kong-listed hotel operator will issue a new circular to shareholders replacing the one published on November 23, due to typing mistakes and incorrect financial and operating figures in an initial circular, the company said in a statement filed with the Hong Kong stock exchange yesterday. Regal Reit, which plans to raise as much as HK$5.9 billion from an initial public offering to fund the acquisition of hotel assets, will require minority shareholder approval. A meeting for the vote will be postponed to December 18 from December 9. '[Regal Hotels] management as well as the deal's sponsors initially planned to start the international offering next Wednesday but the plan will be delayed by three more weeks to early January,' said a source close to the deal. The offering is being arranged by Merrill Lynch, Deutsche Bank and Goldman Sachs. 'Everything should be the same as we mentioned in the circular except some of the financial data were incorrectly reported due to inadvertent mistakes and typographical errors caused by Platinum Securities, the independent financial adviser of the spin-off,' Regal Hotels said. Platinum Securities reiterated its recommendation that Regal Hotels' shareholders vote for the deal. Regal Reit will take out a HK$4.5 billion five-year term loan to fund the assets acquisition as well as tapping the equity market.