Mandarin Oriental continues to review options for The Excelsior despite setback

SINGAPORE (Sept 27): Mandarin Oriental International is continuing its review of its long-term strategic options with the potential sale of its hotel property in Hong Kong, The Excelsior, and its possible redevelopment into a commercial building.

In a Wednesday announcement, the group says that none of the proposals which it has received for the property have fully met the group’s expectations or transaction requirements.

The group adds that it will continue to review all options, including those which may result in the redevelopment of the hotel property into a commercial building.

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