Mandarin Oriental has revealed that it is considering selling The Excelsior, its waterfront hotel in Hong Kong.
The company said that it is “undertaking a review of its long-term strategic options” with regards to the Causeway Bay property, which is not branded as a Mandarin Oriental.
As part of this review, the Hong Kong-based hotel group said it has decided to “test market interest” in the possible sale of the property.
“No decision has yet been made as to the preferred course of action, and it would be premature to speculate on the outcome of the review at this time. A further announcement will be made as required,” the company statement added.
Located on Gloucester Road, The Excelsior Hong Kong was built in 1972. It has 34 storeys and has a gross floor space of 63,500m².
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