The Excelsior Hong Kong, a four-star hotel located at Causeway Bay, is owned and operated by Mandarin Oriental International. Photo: Martin Chan

Mandarin Oriental foresees reduced profits from closure of Excelsior as iconic hotel goes for redevelopment

  • The iconic Hong Kong hotel contributed 40pc to underlying earnings in 2018
  • Redevelopment is expected to be completed in six years and cost US$650m
Topic |   Luxury Hotels

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The Excelsior Hong Kong, a four-star hotel located at Causeway Bay, is owned and operated by Mandarin Oriental International. Photo: Martin Chan
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