December 16, 2017 6:01 AM ET

Hotels, Restaurants and Leisure

Company Overview of The Excelsior, Hong Kong

Company Overview

The Excelsior, Hong Kong owns a hotel. The company is based in Causeway Bay, Hong Kong. The Excelsior, Hong Kong operates as a subsidiary of Mandarin Oriental Hotel Group Limited.

281 Gloucester Road

5th Floor

Causeway Bay,  

Hong Kong

Key Executives for The Excelsior, Hong Kong

The Excelsior, Hong Kong does not have any Key Executives recorded.

The Excelsior, Hong Kong Key Developments

Mandarin Oriental Receives Buying Proposals For Excelsior

Mandarin Oriental International Limited (SGX:M04) said it has received proposals from potential purchasers to acquire The Excelsior. The shares of Mandarin Oriental surged 20.75% after the announcement. “These will form the basis for further consideration of the company's strategic options. A further announcement will be made as required. No assumption should be made at this time regarding whether the property will or will not be sold," Mandarin Oriental said. Mandarin Oriental said in June 2017 that it was undertaking a review of its long-term strategic options with regard to Excelsior. As part of that review the company said it would test market interest in the possible sale of Excelsior. It is believed suitors include Sun Hung Kai Properties Limited (SEHK:16), Hysan Development Company Limited (SEHK:14) and a joint venture between Chinese Estates Holdings Limited (SEHK:127) and China Evergrande Group (SEHK:3333). Excelsior is likely to be valued at between HKD 24 billion and HKD 34.2 billion. A spokesman from the Mandarin Oriental declined to comment of how many bidders it has received on Excelsior.

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