The luxury group has 43 hotels in operation worldwide and two establishments about to open: the 138-room Mandarin Oriental in Vienna, located in a former courthouse that is now a historic monument, and a resort on an atoll in the Maldives with 120 villas.
In the medium term, two other Italian projects are underway: the Mandarin Oriental, Rome, with around 100 rooms within the Villini Sallustiani complex, and the Mandarin Oriental, Porto Cervo on the Costa Smeralda (83 rooms).
The pipeline also includes longer-term projects in mainland China and the Middle East, with Abu Dhabi in particular in the spotlight.
To avoid conflicts of interest between the joint directors of Mandarin Oriental and the Jardine Matheson holding company, an independent transaction committee has reviewed the offer and offered unanimous preliminary support.
The proposed scheme implies a valuation of $4.2 billion (± €4 billion). At the same time, Mandarin Oriental is selling some assets, including part of its One Causeway Bay development in Hong Kong, for $925 million to Alibaba Group Holding and Ant Group.
Financing is secured through cash on Jardine Matheson’s balance sheet together with committed facilities. The deal must be approved by minority shareholders and is expected to be effective by 31 January 2026.
