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Mandarin Oriental mulls sale of HK Excelsior as part of review

Group says it is testing market interest because of strong commercial property valuations

The property has approval for the development of a commercial building with a gross floor area of some 63,500 sqm on the site.


MANDARIN Oriental International Limited, a member of the Jardine Matheson Group, is considering a sale of The Excelsior as part of its review of long-term options for the hotel in Hong Kong.

The hotel sits on a prime commercial water-front site in the Causeway Bay...

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