Small Luxury Hotels to acquire Mandarin Oriental, Paris from Mandarin Oriental Hotel Group.

Small Luxury Hotels, a hotel holding company, agreed to acquire Mandarin Oriental, Paris from Mandarin Oriental Hotel Group, a multinational hospitality and management group . Financial terms were not disclosed. "Since opening in 2011, Mandarin Oriental, Paris has been one of the leading luxury hotels in the city and is a designated Palace hotel. We look forward to working with the Statuto Group, which is also the owner of Mandarin Oriental, Milan, in continuing to deliver the award-winning service and luxury experiences for which Mandarin Oriental is renowned," said Laurent Kleitman, Mandarin Oriental Hotel CEO.