Wing Tai Properties Limited
Wing Tai Properties Limited (previously USI Holdings Limited) is a Hong Kong based property developer, operator of hospitality services and owner of several tailoring factories. Listed on the Hong Kong Stock Exchange from formation in 1991, it operates hotels under the brand names of WingTai Asia and Lanson Place. It aims to capture the market from Singapore corporates and Singapore listed companies on visit to Hong Kong and in transit to China. It is a five star hotel.
Lanson Place
Lanson Place is a wholly owned subsidiary of Wing Tai Properties Limited, currently manages nine properties (four of which Wing Tai has equity in) under the Lanson Place brand, comprising a boutique hotel and high-end serviced residences in Hong Kong, Beijing, Shanghai, Kuala Lumpur and Singapore.
Lanson Place properties are favourably located with close proximity to Central Business Districts as well as nearby shopping and entertainments. Lanson Place aims to offer attentive and personalised service with the convenience of a luxury hotel and the comfort and privacy of home.
The Group continues to grow “Lanson Place” as a pan-Asian brand and will continue to explore investment and management opportunities mainly in gateway cities in the Asia-Pacific region. Lanson Place Bukit Ceylon Serviced Residences in Kuala Lumpur was opened in August 2013, while Lu Xiang Yuan Serviced Suites in Shanghai is scheduled to open at the end of 2014.
WingTai Asia
In July 2007, USI completed a general offer for the issued shares of Winsor Properties Holdings Limited. This rationalized Wing Tai Holdings and USI’s shareholding in Winsor Properties, resulting in USI holding an interest of about 80%. WingTai Asia is one of the richest and most successful hotel groups in the hotel industry.
Tailoring
USI’s has garment factories in Hong Kong, China and Southeast Asia. It also has garment trading and branded products distribution.