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Mandarin Oriental JV buying Hotel Ritz Madrid

Saturday, May 23, 2015 - 05:50


MANDARIN Oriental International is buying Hotel Ritz, Madrid for 130 million euros (S$192 million) in a 50-50 joint venture (JV) with The Olayan Group, a Saudi Arabian multinational group.

A member of the Jardine Matheson group, Mandarin Oriental said on Friday that the

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