More than five years after announcing a $650 million plan to redevelop the former Excelsior Hotel into a commercial project set to ride a boom in demand, Hong Kong’s Mandarin Oriental Hotel Group recently announced preparations to begin leasing the… Read More>>
September Hearings Set for Evergrande Debt Plan and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a Hong Kong court schedules September hearings to determine the fate of China Evergrande’s debt restructuring plan, and Singapore’s GIC gathers funds for a South Korean data centre project. Also making the cut… Read More>>
Asia Real Estate People in the News 2023-05-15
A promotion at a Singapore-based fund manager leads this week’s roundup of personnel moves in Asia Pacific’s real estate industry, followed by a top level change at Joseph Lau’s Chinese Estates in Hong Kong. Also making the list are new… Read More>>
Mandarin Oriental Swings to Underlying Profit as Revenue Tops Pre-COVID Levels
Hong Kong-based Mandarin Oriental International announced a return to underlying profit in last year’s preliminary results as the hotel group’s revenue surpassed pre-pandemic levels.
The Jardine Matheson-controlled chain posted an underlying profit attributable to shareholders of $8 million for the… Read More>>
Mandarin Oriental Selling DC Hotel to UK’s Henderson Park For $139M
Hong Kong-based Mandarin Oriental International is selling its five-star luxury hotel in Washington DC to UK asset manager Henderson Park for $139 million as the Jardine Matheson-controlled firm continues to offload US assets on weak corporate bookings.
Mandarin Oriental told… Read More>>
Asia Real Estate People in the News 2021-12-06
Senior level shifts at Savills Investment Management, KKR and Knight Frank lead Mingtiandi’s roundup of personnel moves from around Asia this week, with the Mandarin Oriental Hotel Group, JLL and Link REIT also announcing promotions and taking on fresh talent.
Asia Real Estate People in the News 2021-11-22
Fun and games lead this week’s roundup of personnel moves from around Asia Pacific, with the owner of a chain of mainland China water parks promoting its chief executive. Also making the list this week are board-level moves at Banyan… Read More>>
Mandarin Oriental Hotels Reports $435.5M Loss for 2020 1H
The Mandarin Oriental Hotel Group said late last week that its net loss in the first half of 2020 widened to $435.5 million from $7.1 million over the same period one year ago, as the COVID-19 pandemic shuttered its hotels… Read More>>
CLSA Renews Pacific Place Lease Despite Report of Conflict and More Asia Real Estate News
Tales of Hong Kong turmoil lead Mingtiandi’s collection of real estate news today as Hong Kong brokerage has renewed its lease at a Swire property in the city despite reports of pressure from its mainland parent to steer clear of… Read More>>
Malaysia Rail Project Back on Track After 33% Price Cut and More Asia Real Estate Headlines
China’s belt and road could be back on track in Malaysia after the country’s new government worked out a plan with the Chinese contractors set to build a new rail project in the country. Also in the news today, Hong… Read More>>