News
COMMERCIAL PROPERTY | Staff Reporter, Hong Kong
view(s)

Mandarin Oriental mulls over selling Excelsior hotel in Hong Kong

The hotel's worth could amount up to $34b.

The South China Morning Post reported that the hotel operator said it decided to test market interest in a possible sale, according to a Monday statement. Shares of Mandarin Oriental rose 19 per cent in two days in Singapore to S$1.785 (HK$10.07).

Built on Plot 1, the very first land parcel sold after Hong Kong became a British colony in 1841, the site was originally a warehouse of the British conglomerate Jardine Matheson, located on Gloucester Road across the Royal Hong Kong Yacht Club, around the corner from Victoria Park.

View the full report here.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.