Topic: Rosewood Hotel Group

Rosewood Hotels owner looks to raise $1bln; lists assets in HK

The owner of the Rosewood Hotels & Resorts chain, along with other hotel assets in Asia, is looking to raise cash—a lot of it. Word is New World Development Co., which acquired Rosewood in the summer of 2011, and owns hotel properties in Hong Kong, including the Grand Hyatt and Hyatt Regency, plans to raise around $800 million-$1 billion by listing its hospitality assets in Hong Kong, The Wall Street Journal reports.