Iconic Mandarin Oriental owner files for Chapter 11 bankruptcy [Yahoo! Finance]
JARDINE MATHESON UNSP/ADR (JMHLY)
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Source: Yahoo! Finance
The company behind hotels such as The Tuscany and Hotel 27 in New York City suddenly shut down operations in September 2025 while the owner of Oheka Castle hotel in Long Island is currently in Chapter 11 proceedings with debts of over $60 million. Vacation rental company Sonder announced a Chapter 7 bankruptcy filing in November after Marriott pulled back on a key licensing deal while the owner of the Fairmont Breakers hotel in California's Long Beach also filed for bankruptcy in the same month to stall creditors attempting to seize assets amid over $50 million in debt. Founded in 1963 out of Hong Kong, the Asian hospitality group Mandarin Oriental is often associated with extreme luxury and is presently made up of 45 hotels and 12 residences around the world. Plans to construct a new 164-room Mandarin Oriental in Boca Raton have first been announced in 2015 by Florida developer Via Mizner Owner II. Construction began in 2019 but since then, the project has hit multiple delays
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