{"id":104511,"date":"2019-02-28T20:12:45","date_gmt":"2019-02-28T13:12:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/mandarin-oriental-foresees-reduced-profits-from-closure-of-excelsior-as-iconic-hotel-goes-for-redevelopment\/"},"modified":"2019-02-28T22:03:13","modified_gmt":"2019-02-28T15:03:13","slug":"mandarin-oriental-foresees-reduced-profits-from-closure-of-excelsior-as-iconic-hotel-goes-for-redevelopment","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mandarin-oriental-foresees-reduced-profits-from-closure-of-excelsior-as-iconic-hotel-goes-for-redevelopment\/","title":{"rendered":"Mandarin Oriental foresees reduced profits from closure of Excelsior as iconic hotel goes for redevelopment"},"content":{"rendered":"


\nMandarin Oriental International, owner of the iconic waterfront Excelsior hotel, reported a 19 per cent rise in underlying profits last year bolstered by strong performance at its Hong Kong properties.But the luxury hotel chain operator admitted that the closure of the Excelsior would largely dent its profits this year, which contributed nearly 40 per cent to its overall underlying earnings in 2018.Mandarin Oriental posted underlying earnings of US$65.1 million for 2018, compared to US$54.9\u2026
\n
\nSource : South China Morning Post
\nRead more…Mandarin Oriental foresees reduced profits from closure of Excelsior as iconic hotel goes for redevelopment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mandarin Oriental International, owner of the iconic waterfront Excelsior hotel, reported a 19 per cent...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-104511","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rbF","jetpack-related-posts":[{"id":67546,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mandarin-oriental-pulls-sale-of-hong-kongs-excelsior-hotel-after-bids-failed-to-meet-expectations\/","url_meta":{"origin":104511,"position":0},"title":"Mandarin Oriental pulls sale of Hong Kong\u2019s Excelsior Hotel after bids failed to meet expectations","date":"September 27, 2017","format":false,"excerpt":"\r Mandarin Oriental International has decided to withdraw the disposal of its iconic hotel Excelsior in Causeway Bay, after the bidders failed to submit a proposal that met expectations and transaction requirements. The hotel operator said on Wednesday morning that none of the bids had met fully its expectations and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66488,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mandarin-oriental-shares-surge-21pc-as-it-receives-potential-buyers-for-excelsior-hotel\/","url_meta":{"origin":104511,"position":1},"title":"Mandarin Oriental shares surge 21pc as it receives potential buyers for Excelsior Hotel","date":"September 15, 2017","format":false,"excerpt":"\r Shares of Mandarin Oriental International surged more than 20 per cent on Friday after the company announced it has received proposals from potential purchasers to acquire its iconic Excelsior Hotel in Causeway Bay. \u201cThese will form the basis for further consideration of the company\u2019s strategic options. A further announcement\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57042,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mandarin-oriental-mulls-sale-of-iconic-excelsior-hotel-in-hong-kong\/","url_meta":{"origin":104511,"position":2},"title":"Mandarin Oriental mulls sale of iconic Excelsior hotel in Hong Kong","date":"June 6, 2017","format":false,"excerpt":"\r Mandarin Oriental International is reviewing options for Hong Kong\u2019s iconic Excelsior hotel, including a possible sale, it said in a statement. The four-star Excelsior, which opened in 1973 on Gloucester Road opposite the Royal Hong Kong Yacht Club, is known to locals and tourists for its association with colonial\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99400,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-iconic-excelsior-hotel-to-shut-in-march-2019-for-redevelopment-into-offices\/","url_meta":{"origin":104511,"position":3},"title":"Hong Kong\u2019s iconic Excelsior hotel to shut in March 2019 for redevelopment into offices","date":"October 9, 2018","format":false,"excerpt":"\r The Excelsior, the iconic waterfront hotel built on the very first plot of land sold during the British colonial era, will shut at the end of March next year for redevelopment into an office tower, according to its owner. Mandarin Oriental International will demolish the four-star hotel and build\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100538,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-excelsior-hotel-can-still-be-bought-for-the-right-price-says-mandarin-oriental-ceo\/","url_meta":{"origin":104511,"position":4},"title":"Hong Kong\u2019s Excelsior Hotel can still be bought for the right price, says Mandarin Oriental CEO","date":"October 26, 2018","format":false,"excerpt":"\r The Mandarin Oriental Group will push ahead with its US$650 million plan to redevelop The Excelsior Hotel building in Hong Kong into a Grade A office tower, even as it holds out the possibility that it could still find a buyer for the iconic waterfront building. Mandarin had called\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99410,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mandarin-oriental-plans-650m-redevelopment-of-hong-kong-excelsior\/","url_meta":{"origin":104511,"position":5},"title":"Mandarin Oriental plans $650m redevelopment of Hong Kong Excelsior","date":"October 9, 2018","format":false,"excerpt":"\r \r \r Source : ft.com\r Read more...Mandarin Oriental plans 0m redevelopment of Hong Kong Excelsior","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104511"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=104511"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104511\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=104511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=104511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=104511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}