New World Development
However, the CTFE's 36% stake in Beames Holdings (and its subsidiaries such as New World Hotels (Holdings)) was sold back to New World Development in November 2015. Two hotels of the former New World Hotels (Holdings), Grand Hyatt Hong Kong and Renaissance Harbour View, were also changed from owned by Beames Holdings, to New World Development (via Beames Holdings) and Abu Dhabi Investment Authority in 50–50 ratio in April 2015.