The 50-50 joint venture formed by Mandarin Oriental and The Olayan Group will renovate the 167-room Hotel Ritz in 2017.

Mandarin Oriental teams up with Saudi group to buy Hotel Ritz in Madrid for HK$1.12b

Luxury hotel operator teams up with Saudi group to acquire Spain's Hotel Ritz for HK$1.12b

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The 50-50 joint venture formed by Mandarin Oriental and The Olayan Group will renovate the 167-room Hotel Ritz in 2017.
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