Mandarin expands with 2 deals in Europe

HONG KONG – Mandarin Oriental Hotel Group (MOHG) continues to make news with the signing of management deals for the 184-room Hôtel Lutetia in Paris and the 129-room Conservatorium Hotel in Amsterdam owned by Locka Holding BV and its Founder Alfred Akirov.

Following completion of the transaction, Hôtel Lutetia will be rebranded as Mandarin Oriental Lutetia, Paris, while the Conservatorium Hotel is set to be rebranded as Mandarin Oriental Conservatorium, Amsterdam in January 2026 following a comprehensive upgrade (the hotel will stay open during that period). This will mark Mandarin’s second hotel in Paris.

The Hong Kong-based luxury group currently operates 41 hotels, 12 residences and 25 homes in 26 countries and territories with stated goals to double its portfolio predominantly via management deals as it continues to sell off real estate. This year, it sold its other hotel in Paris and last year sold its Jakarta property.

In its H1 2024 results the group posted a 13% increase in combined total revenues of hotels under management in Asia, the highest of its regions, and RevPAR in Asia grew at more than double the rate of other regions.

Among recent signings are a project in Abu Dhabi, which will include 228 residences developed by Aldar on Saadiyat Island. In Mexico, Mandarin Oriental Kanai, Riviera Maya will open in 2028 with 120 rooms and suites, alongside 50 branded residences. The group has also reopened Mandarin Oriental, Canouan in St. Vincent and The Grenadines, after it was closed due to damage from Hurricane Beryl.

The pipeline includes three hotels in Japan, as well as properties in Budapest, Rome and Bali.

The Conservatorium is set to be rebranded as Mandarin Oriental Conservatorium, Amsterdam in January 2026.

In October, MOHG said it plans to increase its portfolio in China over the next 10 years as part of an accelerated growth strategy led by Group Chief Executive, Laurent Kleitman. Mandarin Oriental already operates 10 hotels across Greater China which is the home of the group’s original flagship, The Mandarin, which opened in Hong Kong in 1963.

Further developments in Chine include Tianfu in Chengdu, Hangzhou, and Nanjing with more in the pipeline.

MOHG very recently named industry veteran Tiffany Cooper head of development for the Americas where the company has only properties in Boston, Miami and New York City. Cooper is expected to focus on development and investment initiatives for the Americas region, focusing on the important U.S. market, Canada, and Latin America for the group.

Just last week, MOHG announced full ownership in its branded collection of private vacation homes and mansions and will operate the business independently.

Launched as a limited collection of eight properties in 2022, MOHG has expanded the portfolio to 25 properties, each privately owned.

Moving forward, the group will focus its expansion on luxury leisure destinations, including European summer hotspots across the Mediterranean, winter retreats in the Alps, in addition to both summer and winter destinations in North America.