 In 2010, Carlson sold the Regent Hotel business to Formosa International Hotels, the largest listed hotel operator in Taiwan and owner of Grand Formosa Regent Taipei hotel in Taipei, Taiwan, which was opened by Regent's founders in 1990 as The Regent Taipei.Co-founder Robert Burns was appointed Honorary Chairman and Ralf Ohletz president.Ohletz had worked with another Regent co-founder, Adrian Zecha, for 25 years.