New World Development Co. is in talks to sell its 50% stake in a Hong Kong hotel to Singapore’s UOL Group Ltd., according to people familiar with the matter. The potential transaction would value the Hyatt Regency hotel in Kowloon at around HK$3 billion ($382 million), the people said, asking not to be identified because the talks are confidential.

Abu Dhabi Investment Authority, which owns the other half of the hotel, is also in discussions to sell its stake to UOL. Trista Xinyi Luo and Cathy Chan reported from Bloomberg Markets on Sept. 22, 2026.