Mandarin Oriental to open new Hotel in Boston, USA

Luxury hotel Group, Mandarin Oriental has announced that it will manage a new hotel currently under development in Boston, USA.

Designed as an intimate, luxurious hotel, featuring 168 guestrooms and suites, the property will be a component of a premier mixed-use complex, The Prudential Center, which is being developed in the heart of Boston.  Located on Boylston Street, the project has ideal access to the city's finest shopping, dining and cultural venues.

The project's overall developers are CWB Boylston, a Boston-based real estate company whose partners bring extensive retail, hotel and commercial  development experience. In addition to the hotel component, the overall  scheme will comprise residential units which will be branded and  serviced by Mandarin Oriental, as well as distinctive retail operations.

Opening in Spring 2006, the hotel will be designed in a contemporary, elegant style, with exacting attention to detail, reflective of the Group's oriental heritage. The hotel will offer the most spacious and luxurious guest rooms in the city, featuring the finest in-room entertainment systems. An all-encompassing 15,000 sq. ft spa and wellness center will be a prominent feature and will reflect the Group's Asian spa expertise in design and service. The hotel will also feature 7,000 sq. ft of extensive state-of-the-art meeting and banqueting facilities.

In connection with the total project funding, Mandarin Oriental will provide US$12 million of mezzanine loan financing towards construction of the project in 2005.

"We are delighted at the prospect of opening a new hotel in the important, historic city of Boston and look forward to bringing Mandarin Oriental's renowned levels of hospitality to this exciting project. The pre-eminence of the site, the vibrancy of the surrounding neighborhood and the experience of our partners, bode well for success. This new development also represents another significant step for Mandarin Oriental in leveraging our brand further in major business centres worldwide," said Edouard Ettedgui, Group Chief Executive of Mandarin Oriental.

"We are tremendously pleased to have found a partner that truly embodies an extraordinary level of quality, a precise attention to detail and a total focus on the customer. We welcome Mandarin Oriental to the Prudential Center development, which promises to be Boston's most exclusive landmark, providing visitors and residents alike with an excellent experience," said Stephen R. Weiner, a principal of CWB Boylston.