- Business
- The Hongkong and Shanghai Hotels, Limited The Hongkong and Shanghai Hotels, Limited (HKSHY HKSHY) is a Hong Kong-listed investment holding company engaged in the ownership, development, operation, and management of luxury hotels under The Peninsula brand; commercial and residential real estate properties; and ancillary services including tourism attractions, clubs, merchandising, and laundry operations. Incorporated in 1866 and headquartered in Central, Hong Kong, the company operates through three main divisions: Hotels, which encompass 12 Peninsula properties in prime city-center locations across Asia (Hong Kong, Shanghai, Beijing, Tokyo, Bangkok, Manila), Europe (London, Paris, Istanbul), and the United States (New York, Chicago, Beverly Hills), offering ultra-luxury accommodations, fine dining, spas, banqueting, and event facilities; Commercial Properties, featuring high-end office, retail, and residential leasing at sites such as The Repulse Bay Complex and The Peak Tower in Hong Kong, St. John's Building, 21 avenue Kléber in Paris, and The Landmark in Ho Chi Minh City; and Peak Tram, Retail and Others, including the historic Peak Tram tourist attraction in Hong Kong since 1888, The Quail golf and motorsports club in California, Peninsula Merchandising boutiques, Peninsula Clubs and Consultancy Services for elite club management, and Tai Pan Laundry services. The group's portfolio spans key markets in Asia, Europe, and North America, targeting high-net-worth leisure and corporate guests, affluent residents, and tourists with premium hospitality, lifestyle, and real estate offerings. Recent developments include the openings of The Peninsula London in 2023 and The Peninsula Istanbul in 2023, both achieving BREEAM Excellent certification and strong revenue growth; completion of a major renovation at The Peninsula New York in 2024 yielding positive guest reviews and higher rates; sales of 18 of 24 Peninsula London Residences as of July 2025 with the final six released for sale; appointment of Benjamin Vuchot as CEO in early 2025, who commenced a strategic review slated for completion by year-end; issuance of a debut JPY16 billion Private Samurai Bond in June 2025; leadership appointments such as Julien Munoz as Chief Commercial Officer in September 2025 and Vincent Pimont as Managing Director of The Peninsula Hong Kong in September 2025; and planned dissolution of the Landmark joint venture in Ho Chi Minh City upon expiry of its land use rights in January 2026.