The Cheng Yu Tong family plans to sell the glamorous hotel. "It is currently operating normally."

There are reports claiming that the wealthy Hong Kong tycoon Cheng Yu-tung's family is currently looking for buyers for the assets of their luxury hotel group, the Regal Hotels Group, to deal with the liquidity crisis faced by their real estate subsidiary, New World Development. A person close to the Regal Hotels Group said that they have not heard any discussions about selling, and currently all hotels under the Regal brand are operating normally.