mandarin oriental

Jardine Matheson’s bid to privatise Mandarin Oriental gets shareholders’ nod

The required majority are in favour of the scheme of arrangement at US$3.35 a share

Major groups may have good reasons to privatise listed hotel-owning entities.
THE LEVEL GROUND

Owning luxury hotels is tough but can be richly rewarding for patient capital

Jardine Matheson and Frasers Property could gain from hotel ownership over the long term

Hotel group Mandarin Oriental is in the middle of a buyout by Jardine Matheson.

Mandarin Oriental posts ‘stable’ underlying net profit for Q3

The group’s RevPAR is up in all regions except South-east Asia

The privatisation of Mandarin Oriental is in line with its capital allocation framework, says Jardine Matheson.

Alibaba, Ant buying top half of Mandarin Oriental Causeway Bay tower for US$925 million

Jardine Matheson moves to delist Mandarin Oriental for US$3.35 a share, including a US$0.60 special dividend from HK property sale

The acquisition bid to privatise Mandarin Oriental will see its delisting, if successful, from Singapore Exchange.
HOCK LOCK SIEW

Mandarin Oriental acquisition bid shows it’s better to invest in Jardine Matheson

Analysts say proposed buyout undervalues Mandarin Oriental International significantly

Mandarin Oriental’s shares hit US$3.28 in the first two minutes of trading on Tuesday.
HOT STOCK

Mandarin Oriental shares surge 36.3% on privatisation offer, Jardine Matheson up 7.8%

This comes after the investment company announced its move to take the hotel chain private

Since the first quarter of 2024, One Raffles Quay has undergone an S$17 million asset enhancement initiative.

Hongkong Land leans on ‘hotelification’ to boost Singapore office portfolio performance

Hongkong Land seeks to provide a hotel-like experience for workers and visitors in its buildings in Marina Bay

Prices are holding up because New York faces a tough housing shortage.

NYC’s Mandarin Oriental developers snag loan for unsold condos

Developers of the Mandarin Oriental residences on New York’s Fifth Avenue secured an inventory loan to help with the cost of unsold luxury condos at the building.

Mandarin Oriental, Singapore, reopened in Sepember 2023.

Mandarin Oriental’s H1 loss shrinks to US$52 million

It notes revenue per available room growth in all regions, as well as hotel re-openings and openings