Reuters) - Luxury Parisian hotels are entering 2011 knowing they need a combative spirit and ambitious initiatives to protect their turf from the arrival of powerful Asian chains such as Shangri-La, Mandarin Oriental and Peninsula.
The three luxury Asian hotel groups have invested heavily to get a foothold in Paris, ranked as one of the world's top tourist destinations, prompting rival European five-star hotels to make major refurbishments and review their strategies.
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Showing posts with label Mandarin. Show all posts
Showing posts with label Mandarin. Show all posts
Friday, January 7, 2011
Tuesday, November 23, 2010
Hong Kong to host eye-watering 900 US dollar meal
HONG KONG — Famously relaxed with conspicuous consumption, Hong Kong is set to host a dinner costing nearly 7,000 Hong Kong dollars (902 US dollars) per head, according to one of the city's hotels.
US-born chef Thomas Keller is being flown in by the Mandarin Oriental to cook for 450 diners -- in what the hotel says will be Hong Kong's most expensive meal this year.
A top-priced, 11-course dinner during Keller's November 29 to December 2 stay will set gourmands back 6,888 HK dollars each, excluding service. Slightly more frugal diners can enjoy lunch for just over 2,000 HK dollars.
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US-born chef Thomas Keller is being flown in by the Mandarin Oriental to cook for 450 diners -- in what the hotel says will be Hong Kong's most expensive meal this year.
A top-priced, 11-course dinner during Keller's November 29 to December 2 stay will set gourmands back 6,888 HK dollars each, excluding service. Slightly more frugal diners can enjoy lunch for just over 2,000 HK dollars.
Read More:
Thursday, May 6, 2010
Mandarin Owners See A Recovery
Istithmar World has no shortage of issues: It lost a Times Square office building to foreclosure and is trying to regain the foreclosed W Union Square hotel. Its embattled chief executive departed in January. And its parent, Dubai investment arm Dubai World, is trying to restructure $22 billion of debt.
Amid that upheaval, there's one trophy property that Istithmar refuses to part with despite the hefty costs of keeping it: the ritzy, 248-room Mandarin Oriental hotel in Manhattan's Time Warner Center.
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Amid that upheaval, there's one trophy property that Istithmar refuses to part with despite the hefty costs of keeping it: the ritzy, 248-room Mandarin Oriental hotel in Manhattan's Time Warner Center.
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Thursday, December 10, 2009
Mandarin Oriental May Acquire Luxury Hotel Brands
Dec. 8 (Bloomberg) -- Mandarin Oriental International Ltd., operator of 25 luxury hotels from Tokyo to San Francisco, may buy more brands as lodging companies struggle amid a decline in spending, Chief Executive Officer Edouard Ettedgui said.
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Thursday, August 6, 2009
MANDARIN ORIENTAL INTERNATIONAL LIMITED
Highlights
• Significant market weakness
• US$78.5 million gain recorded on sale of Macau hotel
• Strong financial position
“It is expected that market conditions will remain poor for the remainder of the year.
Mandarin Oriental is, however, in a strong competitive and financial position and should
benefit over the longer term from the strength of its brand and the limited new supply of luxury
hotels in its key markets.”
Read more:
http://202.66.146.82/listco/sg/mandarin/interim/2009/int.pdf
• Significant market weakness
• US$78.5 million gain recorded on sale of Macau hotel
• Strong financial position
“It is expected that market conditions will remain poor for the remainder of the year.
Mandarin Oriental is, however, in a strong competitive and financial position and should
benefit over the longer term from the strength of its brand and the limited new supply of luxury
hotels in its key markets.”
Read more:
http://202.66.146.82/listco/sg/mandarin/interim/2009/int.pdf
