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    M04   BMG578481068

MANDARIN ORIENTAL INTERNATIONAL LIMITED

(M04)
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Mandarin Oriental International : to Manage Luxury Residences in Beverly Hills, California

09/10/2021 | 10:15am EDT

Mandarin Oriental Hotel Group has announced an agreement to brand and manage 54 luxurious residences located on prestigious Wilshire Boulevard, Beverly Hills that are scheduled to open in 2022.

Mandarin Oriental Residences, Beverly Hills, at 9200 Wilshire Boulevard is the Group's first residential-only project on the US West Coast. These chic homes will offer a unique lifestyle encompassing the comforts of a private home combined with the legendary service of Mandarin Oriental.

The sleek mid-rise property will encompass 54 residences, all with outdoor space, and impeccably crafted interiors and furnishings curated by the acclaimed 1508 London design studio. Residents will enjoy a range of private facilities, including a fitness and wellness centre with a variety of spa and beauty treatments, a high-end beauty salon, library and lounge plus a rooftop swimming pool complete with poolside cabanas and adjacent bar and lounge.

Michelin-starred Chef Daniel Boulud will also make his West Coast debut, taking the helm of the property's ground floor restaurant and rooftop lounge and bar, while also offering an array of exclusive in-home dining experiences.

The owners and developers of Mandarin Oriental Residences, Beverly Hills, at 9200 Wilshire Boulevard is a joint venture between SHVO and Deutsche Finance America. SHVO is also developing the Group's Mandarin Oriental Residences at 685 Fifth Avenue in New York.

'We are delighted to partner again with SHVO on our first Residences project on the West Coast and look forward to extending Mandarin Oriental's brand and exemplary service to this desirable destination. The Residences will offer owners an exceptional lifestyle in a prestigious location, close to Rodeo Drive's renowned shopping and entertainment choices.' said James Riley, Group Chief Executive of Mandarin Oriental Hotel Group.

'In partnership with Mandarin Oriental, we are creating one of the most exclusive residential properties in the heart of Beverly Hills, bringing together several of the world's most coveted brands and partners to create a new standard of luxury living,' said Michael Shvo, Founder, Chairman and CEO of SHVO. 'Having been a frequent guest at Mandarin Oriental properties globally, I appreciate and value their services, amenities and high attention to detail they bring to the guest experience. I'm thrilled to be able to offer the Mandarin Oriental experience exclusively to owners in a boutique residential setting both in Beverly Hills and on New York City's Fifth Avenue.'

For further information, visit mo-residencesbeverlyhills.com.

ABOUT

Mandarin Oriental Hotel Group

Mandarin Oriental Hotel Group is the award-winning owner and operator of some of the world's most luxurious hotels, resorts and residences. Having grown from its Asian roots into a global brand, the Group now operates 35 hotels and seven residences in 24 countries and territories, with each property reflecting the Group's oriental heritage and unique sense of place. Mandarin Oriental has a strong pipeline of hotels and residences under development and is a member of the Jardine Matheson Group.

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
JARDINE MATHESON HOLDINGS LIMITED 0.72% 56.1 End-of-day quote.0.18%
MANDARIN ORIENTAL INTERNATIONAL LIMITED 1.40% 2.18 End-of-day quote.28.24%
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Financials (USD)
Sales 2020 184 M - -
Net income 2020 -680 M - -
Net Debt 2020 694 M - -
P/E ratio 2020 -3,16x
Yield 2020 -
Capitalization 2 754 M 2 754 M -
EV / Sales 2019 4,90x
EV / Sales 2020 15,5x
Nbr of Employees -
Free-Float 20,1%
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Managers and Directors
James Riley Group Chief Executive Officer & Director
Hamish Andrew Ross Director-Finance
Matthew Bishop Chief Financial Officer & Director
Benjamin William Keswick Chairman
Monika Nerger Chief Information Officer