The Hongkong and Shanghai Hotels, Limited is an investment holding company that owns, develops, and manages luxury hotels and commercial and residential properties in China, Europe, the United States, and the rest of Asia. It operates through three segments: Hotels, Commercial Properties, and Peak Tram, Retail and Others. Its activities include hotel operations, leasing of retail arcades and office space within hotel buildings, development and sale of luxury residential apartments, food and beverage outlets, the Peak Tram, The Quail, food and beverage wholesaling and retailing, golf club and resort operations, property investment, laundry and dry-cleaning services, and management and consultancy services for clubs. The company was formerly known as The Hongkong Hotel Company, Limited and was incorporated in 1866. It is based in Central, Hong Kong.