Mandarin Oriental

[soros]

Some gossip that Excelsior Hotel in Causeway Bay ,Hong Kong ( Part of MO Hotel Group) may be up for sale

[soros]

Reported in scmp newspaper :

http://www.scmp.com/business/companies/a...-hong-kong

[High]

LESLIE CHEUNG SINGS FOR MANDARIN ORIENTAL.
Please tune in.

[kelvesy]

Mandarin Oriental: Received at least five competing bids mainly from funds, for the potential sale of 860-room The Excelsior in Hong Kong.
Bids are close to higher-end of the range at HK$30b.
Based on HK$30b (US$3.84b), sale proceeds from the potential sale would surpass Mandarin Oriental's current market cap of US$2.82b (US$2.51/share) by 36%, implying that its other assets (29 operating hotels) come for free.

http://news.now.com/home/finance/player?newsId=235981

http://www.scmp.com/business/companies/a...-hong-kong

http://infopub.sgx.com/FileOpen/MOIL%200...eID=456617

[crabcrab]

MOIL ($1.90) - Deal scrapped off....

http://infopub.sgx.com/FileOpen/2017-09-...eID=471989

[HitandRun]

Interesting factoid about the land the Excelsior hotel occupies from the FT:

The Excelsior hotel on Hong Kong’s fabled Lot No 1, the first land acquired from the British after the territory became a colony in 1841...

[specuvestor]

^^^ wow interesting history Should stay there the next time

[WH Cheng]

All the same,... nothing special felt, I must say,... but Shangri-La HK and Kowloon can provide Rolls-Royce's to pickup you up from the airport,...

[HitandRun]

^^^ wow interesting history Should stay there the next time

Maybe can take a photo with you (face airbrushed if privacy is an issue) in a coat, stockings and wig (cosplay style) in front of the hotel and post it here?

[boonsong]

if 5 bidders were to submit such a generous valuation, only to be rejected by management, investing now can only be wrong if
a) the property market in HK is overly optimistic, and the bidders were all crazy in valuation
b) the management of MO has proved to be shareholder-unfriendly and holding the stocks is unwise