HONG KONG— Mandarin Oriental will manage what it is calling the “most luxurious hotel in Tokyo,” thanks to a long-term lease agreement it is signing with the owner and developer of the hotel, Mitsui Fudosan Co., Limited, the largest real estate company listed on the Tokyo Stock Exchange. Mandarin Oriental reports it will invest US$37 million in the property, to pay for furniture, fixtures, equipment and pre-opening costs. Opening is set for late 2006. The hotel will be named the Mandarin Oriental, Tokyo, and will be housed in the top 10 floors of the new 41-story Muromachi Mitsui Shinkan building, which is being incorporated into the 72-year old historic Mitsui Main Building. Cesar Pelli, the internationally acclaimed architect, is designing the new mixed-use development, which will also contain high-end office and retail components. Mandarin CEO Edouard Ettedgui said in a statement that the hotel “fills an important gap in our portfolio of properties in our Asian Heartland.” His company, which has 19 properties open, has 10 hotels in Asia, six in North America and three in Europe. The 171-room luxury hotel will be located in the Nihonbashi district, which sits in central Tokyo, near the city’s financial districts and the shopping district in Ginza. The hotel will reportedly provide panoramic views of the Imperial Palace, while other view will provide sweeping views of the city’s Central Business District. Mandarin Oriental also has a hotel set to open in New York in 2003.
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