As of 2016, Rosewood Hotel Group was owned by Chow Tai Fook Enterprises,[7] having acquired Rosewood Hotel Group in 2015 from Chow Tai Fook Enterprises' listed associate company New World China Land for HK$1.96 billion.

In the 1990s, New World Development entered Mainland China market as hotel manager.

Renaissance Hotel Group became a listed company on the New York Stock Exchange on 27 September 1995.

[10] Despite NWD group parted away from Renaissance Hotels, 2 out of 4 hotels of New World China Land (a sub-holding listed company of New World Development) in mainland China, were still managed by Renaissance's buyer Marriott International, under Courtyard brand as of 2003–04 financial year.

The unit, known as New World Hotel Management Limited, was incorporated in Hong Kong in 2005.

[20]: 160  The stake of New World Hotel Management (BVI), that owned by NWCL, was increased to 70.5% since February 2008.

The hotels were located in Beijing, Shanghai (New World Mayfair Hotel Shanghai), Macau (L'Arc Macau), Dalian, Shenyang, Wuhan, Xi'an and Ho Chi Minh City respectively.

[5][25] The deal included the entire membership interests of Rosewood Hotels and Resorts, LLC and the related intellectual property rights, for US$229.5 million (approx.

[3][31][32] According to the press release, the price was 1.5% more than the fair value of the net assets (equity), plus the to-be-acquired shareholder loan to Rosewood Hotel Group.

[33] According to 2015 press release, Chow Tai Fook Enterprises and New World China Land signed a master hotel leasing agreement, which Chow Tai Fook Enterprises continued to lease hotels from New World China Land until 2025,[3][32] and renewable to 2035.

[3] In November 2016, Rosewood Hong Kong partnered with sister company New World Development again, which the hotel management company would occupied some floor area of Victoria Dockside for their Rosewood Hong Kong hotel.

As of 2017, One of the 3 hotels of Baha Mar Resort in Nassau, Bahamas, was managed by Rosewood.

[40] The mega-resort was acquired by Rosewood Hotel Group's parent company Chow Tai Fook Enterprises in 2016.