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The Hongkong & Shanghai Hotels Ltd. is an investment holding company, which engages in the ownership, development, and management of hotel, commercial, and residential properties. The company employs 7,698 full-time employees The company went IPO on 2000-01-07. The firm operates its business through three segments. The Hotels segment engages in operating hotels, leasing of commercial shopping arcades. The Commercial Properties segment engages in the development, leasing and sale of residential apartments, leasing of retail and office premises as well as operating food and beverage outlets in such premises. The Clubs and Services segment engages in the operation of golf courses, the Peak Tram, retailing of food and beverage products and laundry services and the provision of management and consultancy services for clubs.