Mandarin Express
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Mandarin Express - overview
Established
1963
Location
Hong Kong, -, Hong Kong SAR - China
Primary Industry
Travel & Leisure
About
Mandarin Express is renowned for its luxury hotel management, offering exceptional accommodations and top-notch hospitality services in prime global destinations, focusing on high-end travelers and corporate clientele. Mandarin Express operates as a luxury hotel management company, founded in 1963 in Hong Kong. In 2010, the company was acquired by West Coast Capital. It has maintained a presence in various premier locations globally, serving diverse clientele.
Mandarin Oriental Hotel Group specializes in luxury accommodations and exceptional hospitality services, primarily focusing on high-end hotels and resorts in premier global destinations. Core offerings include meticulously designed guest rooms, award-winning restaurants featuring Michelin-starred chefs, and rejuvenating wellness services such as signature spas. Their hotels are strategically positioned in major cities and vacation hotspots across Asia-Pacific, Europe, the Americas, and the Middle East, catering to affluent travelers and business professionals seeking a blend of contemporary luxury and traditional Oriental charm. In 2022, Mandarin Oriental generated revenue of USD 454.
10 mn with an EBITDA of USD 15. 60 mn. The company primarily earns revenue through direct bookings for hotel stays, dining experiences, and spa services, focusing on B2C sales. Their transactional structure ensures high standards of service while appealing to a lucrative market segment.
Mandarin Oriental intends to expand its market presence by introducing new luxury hotels in key global cities and vacation hotspots. While specific release dates for upcoming products are not disclosed, the company aims for strategic growth in regions such as Asia-Pacific and Europe by 2025. The company's last funding round in June 2004 supports these initiatives, enabling further investment in high-end service enhancements and new property developments.
Current Investors
West Coast Capital
Primary Industry
Travel & Leisure
Sub Industries
Hotels & Accommodations, Restaurants & Nightlife
Website
https://www.mandarinoriental.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Mandarin Express - timeline of key events
Mandarin Express - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 614,200,000 | 648,300,000 | 668,600,000 | 679,900,000 | 607,300,000 | 597,400,000 | 610,800,000 | 613,700,000 | 566,500,000 | 183,700,000 | 316,900,000 | - | - | - |
| % Revenue Growth (YoY) | - | 5.6% | 3.1% | 1.7% | (10.7%) | (1.6%) | 2.2% | 0.5% | (7.7%) | (67.6%) | 72.5% | - | - | - |
| EBITDA (USD) | 138,800,000 | 139,500,000 | 171,800,000 | 185,800,000 | 160,200,000 | 127,800,000 | 127,800,000 | 156,100,000 | 62,900,000 | (535,800,000) | (30,800,000) | - | - | - |
| Operating Income (USD) | 89,100,000 | 85,900,000 | 111,800,000 | 120,800,000 | 107,300,000 | 68,000,000 | 69,000,000 | 69,600,000 | (29,000,000) | (660,000,000) | (99,300,000) | - | - | - |
| Operating Margin | 14.5% | 13.3% | 16.7% | 17.8% | 17.7% | 11.4% | 11.3% | 11.3% | (5.1%) | (359.3%) | (31.3%) | - | - | - |
| % EBITDA Margin | 22.6% | 21.5% | 25.7% | 27.3% | 26.4% | 21.4% | 20.9% | 25.4% | 11.1% | (291.7%) | (9.7%) | - | - | - |
| NET Income (USD) | 86,900,000 | 72,600,000 | 96,800,000 | 96,800,000 | 89,400,000 | 54,400,000 | 54,500,000 | 43,400,000 | (55,600,000) | (680,000,000) | (141,400,000) | - | - | - |
| % Net Margin | 14.1% | 11.2% | 14.5% | 14.2% | 14.7% | 9.1% | 8.9% | 7.1% | (9.8%) | (370.2%) | (44.6%) | - | - | - |
Mandarin Express - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Mandarin Express | - |
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Mandarin Express - employee data
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