Regal Real Estate Investment Trust is a Hong Kong-based real estate investment trust (REIT). The primary objectives of the REIT and the REIT Manager are to provide long-term, stable, growing distributions and capital growth for the unitholders of the REIT through active ownership of hotels and strategic investment in hotels, serviced apartments and commercial properties. The REIT mainly operates through two segments. The Hotel Properties segment is engaged in the investment in the Initial Hotels, the iclub Sheung Wan Hotel and the iclub Fortress Hill Hotel. The Mixed Use Property segment is engaged in the investment in the hotel portions and non-hotel portions of the iclub Wan Chai Hotel. The REIT is managed by Regal Portfolio Management Limited.