The Hongkong and Shanghai Hotels, Limited, an investment holding company, owns, develops, and manages hotels, and commercial and residential properties in China, rest of Asia, the United States, and Europe. The company operates through Hotels; Commercial Properties; and Peak Tram, Retail and Others segments. It is involved in the operation of hotels; and leasing of commercial shopping arcades and office premises located within the hotel buildings. The company also engages in the development, lease, and sale of residential apartments; and lease of retail and office premises, as well as operation of food and beverage outlets in such premises.