>

Mandarin Oriental receives proposals for The Excelsior in Hong Kong

By Stanislaus Jude Chan

/ The Edge Singapore |

September 18, 2017 12:51 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (Sept 15): Mandarin Oriental International says it has received proposals from potential purchasers to acquire the group’s The Excelsior hotel in Hong Kong.

In a filing to SGX after market close on Friday, Mandarin Oriental says these proposals will form the basis for further consideration of its strategic options. It stressed that no assumptions should be made at this point on whether the property will be sold.

The announcement today comes after the group in June said it was undertaking a review of its long-term strategic options with regard to The Excelsior – the only four star hotel in its chain of some 30 five star luxury properties.

As part of the review, Mandarin Oriental had included the testing of market interest in the possible sale of the property.

The Mandarin Oriental Hotel Group earlier this week announced that it will manage a luxury hotel project Beijing, which is expected to open in 2018.

Mandarin Oriental Qianmen, Beijing is located within the Qianmen East Hutong Quarter, and close to major attractions such as Tiananmen Square and the Forbidden City.

This story, written by Stanislaus Jude Chan, first appeared on The Edge Singapore.

Tags:

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

Luxury living in the new heart of Bukit Timah

5

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

Our Site

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.