Peninsula Hotels is owned by The Hongkong and Shanghai Hotels, Limited (HSH), a publicly traded company on the Stock Exchange of Hong Kong. HSH was founded in 1866 by Sir Ka-shing Li, who remains its Chairman today. As of 2019, HSH operated 11 Peninsula hotels worldwide located in Asia, Europe, North America and South America.
These properties are managed under a franchise agreement with InterContinental Hotels Group PLC which grants each hotel the right to use The Peninsula brand name and certain service standards. Additionally, all profits generated by these properties are retained by HSH as they own the underlying real estate assets associated with each property.
Peninsula Hotels is a luxury hotel chain with properties located all over the world, including in Asia, Europe and North America. The company was founded in 1928 by the late Sir Michael Kadoorie, who had a passion for hospitality and travel. Today, Peninsula Hotels continues to be owned by members of the Kadoorie family who are committed to creating an unforgettable experience for their guests at each of their locations.
From exquisite dining options and exclusive amenities to bespoke services tailored to every guest’s needs, Peninsula Hotels offers unparalleled service that has earned them countless awards from prestigious organizations such as Forbes Travel Guide.
The Peninsula Hotels
Kadoorie Family
The Kadoorie family is one of the wealthiest and most influential families in Hong Kong. Led by Sir Michael Kadoorie, they own a variety of business interests throughout the region including real estate, banking, transportation and utilities. The family also runs two charities: The Kadoorie Charitable Foundation, which focuses on education and medical research; and the Kadoories Conservation Fund, which works to protect wildlife habitat around the world.
Their philanthropic endeavors have made them well-known for their generosity in supporting causes that benefit society as a whole.
Who Owns the Peninsula Hotel Brand?
The Peninsula Hotel brand is owned by The Hongkong and Shanghai Hotels, Limited (HSH), a company incorporated in 1866 that is headquartered in Hong Kong. Founded as the flagship property of the Peninsula Group, today HSH operates 16 luxury hotels around the world with its renowned collection of award-winning properties including The Peninsula Hotels in Hong Kong, Tokyo, Beijing, New York City, Chicago and Bangkok. It also owns two resorts: The Peninsula Beverly Hills and The Peninsula Paris.
In addition to offering high quality accommodation services at these locations, HSH also manages other lifestyle businesses such as leisure clubs; shopping arcades; private car hire fleets; airport lounges; helicopter transfers; food & beverage outlets such as restaurants and bars; spas & wellness centres; golf courses and more. With a global presence spanning across Asia Pacific region to America’s east coast – from Los Angeles to New York – HSH continues to offer unique experiences for its guests through their hospitality programmes that are tailored to meet individual needs.
Who is Ceo of Peninsula Hotel?
Peninsula Hotels is an international luxury hotel chain, founded in Hong Kong in 1928 by the Kadoorie family. The group now operates 10 hotels with more than 5,000 rooms across Asia and North America. Currently, Peter Borer serves as the Chief Executive Officer of Peninsula Hotels.
With over 25 years of experience in hospitality operations, he has been with the company since 2012 and was appointed President & CEO in 2017. He is responsible for leading all aspects of global strategy and operations at Peninsula Hotels worldwide. Prior to joining Peninsula, Peter held various positions including at InterContinental Hotels Group (IHG), where he was Regional Vice President for Europe from 2002-2012; and Director International Sales & Marketing from 1997-2002; as well as General Manager roles at various IHG properties around the world.
Under his leadership, Peninsula Hotel continues to be recognized among the best luxury hotels globally winning numerous awards such as a Forbes Five Star rating for seven consecutive years and Conde Nast Traveller Readers’ Choice Award eight times between 2016-2020 just to name a few!
What is Michael Kadoorie Net Worth?
Michael Kadoorie is an entrepreneur and businessman who has amassed a net worth of $19.5 billion dollars as of 2021. He is the chairman of CLP Group, which he inherited from his father in 1993, and also serves on the board at The Hongkong & Shanghai Hotels Ltd., which owns luxury hotel chain Peninsula Hotels. Kadoorie was born into a wealthy family, with his grandfather being Sir Elly Kadoorie – founder of China Light & Power Company (CLP).
Michael graduated from Stanford University in the US before joining CLP in 1973 where he eventually rose to become Chairman in 1995. Since then, Michael has grown CLP into one of Asia’s largest utilities companies and led its successful push into international markets such as Australia and India. Additionally, he has invested heavily into renewable energy projects around the world through various businesses including Horizons Ventures Limited which invests venture capital across multiple industries ranging from technology to clean energy solutions.
Furthermore, Michael is actively involved philanthropic activities through numerous organizations such as Operation Smile Asian Pacific Council where he sits on its advisory board; United World Colleges; WWF Hong Kong; Sha Tin College Council amongst others..
Who Started the Peninsula Hotel?
The Peninsula Hotel was founded in 1928 by the legendary Hong Kong business tycoon Sir Robert Hotung. He had a vision to build an iconic hotel at the waterfront of Tsim Sha Tsui, which would be known for its luxurious and world-class hospitality services. At that time, there was no other large-scale hotel in Kowloon, so this seemed like an ambitious task for him.
But he embraced the challenge and gathered together some of the best minds from around Europe to create a grand structure – one that still stands today, almost a century later. The Peninsula Hotel opened on 28th November 1928 with just 39 rooms and suites as well as two restaurants and two bars. Throughout its illustrious history it has welcomed many famous guests including Queen Elizabeth II during her first visit to Hong Kong in 1975.
It has also hosted numerous international events such as state banquets, royal weddings and high profile conferences over the years; setting itself apart as one of Asia’s most prestigious hotels.
Conclusion
Overall, it is clear that Peninsula Hotels has a long and impressive history of ownership. From the early days of the Far East Consortium to current owners The Hongkong and Shanghai Hotels Ltd., Peninsula Hotels has been owned by some of the most important companies in Asia. As one of the leading luxury hotel groups in the world, it is no surprise that Peninsula continues to be an attractive investment for many Asian investors.
All this indicates that Peninsula will continue to remain a symbol of luxurious hospitality for years to come.
