Mandarin Oriental Shareholders Approve Privatization
Mandarin Oriental Hotel Group and controlling shareholder Jardine Matheson reported that a majority of MOHG’s independent shareholders voted in favor of Jardine Matheson’s bid to acquire the remaining stake in the company it did not already own. The vote to be taken private needed to be more than 75%, and MOHG said 99.8% of the eligible voting bloc voted in favor. The $3.35 per share bid values the luxury hotel company at $4.2 billion. Jardine Matheson expects to complete taking MOHG private by the end of February 2026.
IHG Hotels & Resorts has expanded its Garner by IHG brand into Southeast Asiawith the opening of the Garner Hotel Pattaya Central. The 153-room hotel opening marks a step in IHG’s continued expansion in Southeast Asia. The hotel is situated just steps away from Pattaya Beach. A signature feature of the hotel is the “Sketches of Humanity” wall at the reception, a collection of artful portraits that represent the
