Travel News Asia / ASIA Travel Tips.com
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Mandarin Oriental announced on 5 June 2017 that it was undertaking a review of its long-term strategic options with regard to The Excelsior, Hong Kong.
As part of that review the company has now decided to test market interest in the possible sale of the property.
Mandarin Oriental says it has received proposals from potential purchasers to acquire the property but that it has not yet decided whether to sell or not.
Mandarin Oriental currently operates thirty hotels and eight residences in twenty countries and territories.
The groupís hotels are all five-star luxury properties, with the exception of The Excelsior, Hong Kong which is a four-star hotel.
Mandarin Oriental International Limited is
incorporated in Bermuda and has a standard listing on the London
Stock Exchange, with secondary listings in Bermuda and Singapore.
It is a member of the Jardine Matheson Group.