Mandarin Oriental mulls sale of The Excelsior, HK

SINGAPORE (June 5): Mandarin Oriental International, a member of the Jardine Matheson Group, announced it will be reviewing its long-term strategic option with The Excelsior, Hong Kong.

The hotel is located in a prime commercial water-front site in the Causeway Bay District of Hong Kong and the only one in the group’s property not carrying the Mandarin Oriental brand.

In light of the current strong commercial property valuations, Mandarin Oriental says it has decided to test market interest in the possible sale of the property.

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