Hong Kong group buys Paris Royal Monceau hotel

27th May 2004, Comments 0 comments

HONG KONG, May 27 (AFP) - Hong Kong-based Mandarin Oriental has taken over management of one of the French capital's most prestigious hotels, the Royal Monceau, the company said Thursday.

HONG KONG, May 27 (AFP) - Hong Kong-based Mandarin Oriental has taken over management of one of the French capital's most prestigious hotels, the Royal Monceau, the company said Thursday.

The investment, Mandarin Oriental's first in Paris, will provide for a full renovation of the venerable 180-room property.

"This is the culmination of many years of hard work trying to secure a presence in one of the world's most important cities," said Mandarin chief executive Edouard Ettedgui.

"We felt it was vital that we, a luxury brand, have a presence in such a beautiful and sophisticated city."

Manadrin Oriental will have 21 high-class hotels under its belt when it takes over operation of the Royal Monceau in June.

As well as flagship properties in Hong Kong and New York, it operates hotels in Tokyo, London, Geneva and Bangkok, among others. It has five others under construction for opening in the next year or two.

Ettedgui has helmed the company from an Asian-based company to its position as one of the world's leading operators of luxury hotels.

However, he is at pains to stress Mandarin Oriental would not be standardising its properties.

"We believe that a successful hotel reflects the city it is in," he said. "What we do offer though is that Oriental charm that adds value to our service."

Built in 1928, the Royal Monceau boasts two Michelin-starred restaurants. Its renovation will be overseen by designer Jacques Garcia.


© AFP

Subject: French news

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