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The “XY” business model combines an Internet portal, online marketing, hospitality, property crowd-funding and the latest share-economy concept, all into one. |
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Regal Lands, a wholly-owned subsidiary of Singapore-listed Regal International Group, has entered into a Memorandum of Understanding with XY Hotel Holdings on 15 August 2016 for their strategic business alliance.
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 “Regal values the opportunity to work with XY Hotel Group and sees this collaboration as the materialization of our investment gateway corporate mission.” -- Dominic Su, executive chairman and CEO of Regal International, who has high regard for the “XY business model” and believes that the joining of two young, dynamic and evolving companies will create greater synergies in the near future. |
Regal Lands and XY Hotel seek to complement each other in several aspects of the hospitality business. Through their individual strengths, both parties aim to venture into innovative hospitality offerings targeted at “Gen-X” and “Gen-Y” travellers in Sarawak, Malaysia, and subsequently, the rest of South East Asia.
Both parties aim to first leverage on RIG’s development projects in Sarawak.
They will explore opportunities in developing new hospitality offerings specifically for “Gen-X” and “Gen-Y” travellers, with a passion for travel experiences with a difference.
Regal Lands is an international company involved in property development and investment in Malaysia. The Group has established itself by accomplishing various property development projects including shop houses, terrace houses, landed properties, condominiums, commercial and industrial units in the Kuching and Kota Samarahan area of East Malaysia over the past 10 years.
Signing of MOU in Kuching, Sarawak for business alliance between Regal Lands and XY Hotels. Mr Han Bin (third left), Managing Director of XY Hotel; Mr Wang Peng (fourth left), Board Chairman of XY Hotel; Mr Dominic Su (right fourth), Executive Chairman and CEO of Regal International Group; Mr Nicholas Wong (right third), Executive Director of Regal International Group. Photo: RegalMr Wang Peng, Board Chairman of XY Hotel, said: “We are excited to collaborate and join forces with Regal to make XY Hotel in Sarawak a reality. Regal’s solid track record and established foundation in Sarawak’s real estate industry, I believe, will be one of the key factors for success.”
