Mandarin Oriental, Hong Kong Receiving $140 million Renovation
Designed to Ensure the 40 Year Old Property Maintains Position as One of the World's Legendary Hotel
HONG KONG, October 24, 2005. Mandarin Oriental International Limited has announced that the comprehensive renovation planned for Mandarin Oriental, Hong Kong is to be completed within a single-phase eight-month period commencing at the end of 2005. The renovation program, which has been enhanced to ensure a significant re-positioning of the Group's flagship property, will cost $140 million.
The extensive renovation will upgrade the facilities and services of this legendary hotel, while maintaining its classic, Chinese-influenced elegance. A major component of the work will be the enclosure of the hotel's balconies, which will increase the size of the guestrooms and provide scope for the creation of spacious bathrooms. The overall number of hotel rooms will be reduced from 541 to 503, while the number of suites will increase to 69. The exterior of the building will also be upgraded in keeping with the contemporary facades of the hotel's commercial neighbors at the heart of Hong Kong's business district.
The hotel's public areas, restaurants and bars will be refurbished, and a reconfiguration of the ground floor will increase the rental space for luxury retail. A luxurious spa, in line with the Group's award-winning international spa concepts, has also been devised for the property.
The hotel will close on Dec. 28, 2005 and will re-open in late Aug. 2006, with the renovation of the public areas and approximately 200 guestrooms complete. The remaining rooms will become available progressively over the remainder of the year.
"Throughout its 40-year history, Mandarin Oriental, Hong Kong has been an icon of this vibrant city and one of the Group's best performing hotels. This refurbishment is designed to ensure its position as one of the world's legendary hotels." said Edouard Ettedgui, Group Chief Executive of Mandarin Oriental Hotel Group.
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