Mandarin Oriental: Don't Lose Money

360 Views21 May 2024 06:35
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SUMMARY
  • Mandarin owns the One Causeway Bay precinct which is likely worth more than the company’s current Enterprise Value ($2.4b) having recieved an offer of $3.8b for the site in 2017.

  • For those unfamiliar, this site is being massively re-developed into retail and office- not a hotel as might be expected given the company.

  • Mandarin is transitioning to a capital light hotel management model by selling its owned hotels and maintaining management contracts with the purchasers.

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