[5] It became a listed company on 16 July 1999 as New World China Land Limited,[4]: 58  which owned the China part of the real estate division of New World Development (NWD Group), a blue-chip listed company of Hong Kong.

New World China Land owned some hotels that was independent from another sub-holding company, New World Hotels (Holdings), a former listed company of NWD Group.

[8][9] In July 2015, New World China Land sold its hotel management business, New World Hotel Management (BVI) Limited and subsidiaries, to parent company Chow Tai Fook Enterprises for HK$1.96 billion.

[10][11] According to the press release, it included Rosewood and two other brands New World and penta.

[14] Also, New World Development (China) Limited is a live subsidiary of the NWD group, which sold two hotels in 2017.