MO To Open Hotel in Boston
08 April 2003 - 9:13AM
UK Regulatory
RNS Number:7547J
Mandarin Oriental International Ld
08 April 2003
To: Business Editor For immediate release
MANDARIN ORIENTAL TO OPEN NEW HOTEL IN BOSTON, USA
8th April 2003 - The award-winning luxury hotel Group, Mandarin Oriental
International Limited, today announced that it will manage a new hotel currently
under development in Boston, USA.
Designed as an intimate, luxurious hotel, featuring 168 guestrooms and suites,
the property will be a component of a premier mixed-use complex, The Prudential
Center, which is being developed in the heart of Boston. Located on Boylston
Street, the project has ideal access to the city's finest shopping, dining and
cultural venues.
The project's overall developers are CWB Boylston, a Boston-based real estate
company whose partners bring extensive retail, hotel and commercial development
experience. In addition to the hotel component, the overall scheme will
comprise residential units which will be branded and serviced by Mandarin
Oriental, as well as distinctive retail operations.
Opening in Spring 2006, the hotel will be designed in a contemporary, elegant
style, with exacting attention to detail, reflective of the Group's oriental
heritage. The hotel will offer the most spacious and luxurious guest rooms in
the city, featuring the finest in-room entertainment systems. An
all-encompassing 15,000 sq. ft spa and wellness center will be a prominent
feature and will reflect the Group's Asian spa expertise in design and service.
The hotel will also feature 7,000 sq. ft of extensive state-of-the-art meeting
and banqueting facilities.
In connection with the total project funding, Mandarin Oriental will provide
US$12 million of mezzanine loan financing towards construction of the project in
2005.
"We are delighted at the prospect of opening a new hotel in the important,
historic city of Boston and look forward to bringing Mandarin Oriental's
renowned levels of hospitality to this exciting project. The pre-eminence of the
site, the vibrancy of the surrounding neighborhood and the experience of our
partners, bode well for success. This new development also represents another
significant step for Mandarin Oriental in leveraging our brand further in major
business centres worldwide," said Edouard Ettedgui, Group Chief Executive of
Mandarin Oriental.
"We are tremendously pleased to have found a partner that truly embodies an
extraordinary level of quality, a precise attention to detail and a total focus
on the customer. We welcome Mandarin Oriental to the Prudential Center
development, which promises to be Boston's most exclusive landmark, providing
visitors and residents alike with an excellent experience," said Stephen R.
Weiner, a principal of CWB Boylston.
Mandarin Oriental is the award-winning owner and operator of some of the world's
most prestigious hotels and resorts. In total, the Group operates 18 luxury
hotels in key business and leisure destinations, and in addition to this new
development, has a further four hotels under development in New York (opening
late 2003), Washington D.C. (opening 2004), Hong Kong (opening 2005) and Tokyo
(opening 2006). Mandarin Oriental now operates some 7,000 rooms in eleven
countries with nine hotels in Asia, six in The Americas and three in Europe.
CWB Boylston is a partnership comprising Julian Cohen, Stephen Weiner and Robin
Brown, who bring together extensive retail, development and hotel expertise.
Cohen has been a pioneer in the development and management of shopping centers
throughout New England for more than 50 years. Weiner is the founder of S.R.
Weiner and Associates, which owns and/or manages more than 16 million sq. ft of
commercial space. For more than a decade Brown has worked in the luxury hotel
industry in Boston and has earned a reputation for unparalleled attentiveness to
detail and guest comfort.
- end -
For further information, please contact:
Mandarin Oriental Hotel Group International Limited
John Witt / Chantal Hooper (852) 2895 9160
Jill Kluge (44) 794 924 8518
Golin/Harris Forrest
Debbie Chu (852) 2501 7916
This and other Group announcements can be accessed through the Internet at '
www.mandarinoriental.com'.
This information is provided by RNS
The company news service from the London Stock Exchange
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