Regent Hotels and Resorts (RHR) has signed a strategic alliance agreement with Rezidor Hotel Group on the creation of Regent-branded properties. The two companies will work in tandem to develop and operate new hotels in Europe, while Rezidor will take on both functions for Russia, CIS, the Baltic States, Middle East, and Africa.

Formosa International Hotels Corporation acquired the Regent brand and business from Carlson and Rezidor in 2010; the company will continue to focus primarily on mixed use-developments combining luxury hotels with branded residences in the EMEA region. Properties are currently under development in Abu Dhabi, Bali, Doha, Kuala Lumpur, Montenegro, and Phuket.