Macau, 31 July 2009 – The former Mandarin Oriental hotel in Macau will be re-named the Grand Lapa Hotel, effective 1 August 2009. This follows the recent sale by Mandarin Oriental Hotel Group of its 50% interest in the property to Sociedade de Turismo e Diversoes de Macau S. A. (“STDM”), which was completed in June 2009. The Group’s partner in the hotel, Shun Tak Holdings Limited, has also sold its 50% equity interest in the property to STDM.  The Group will continue to manage and market the hotel for a period of up to two years.

The Grand Lapa Hotel will provide elegant hospitality in traditional Macanese style. The hotel features 416 well-appointed guestrooms and suites as well as comprehensive resort and wellness facilities. The hotel’s restaurants and bars provide guests with a variety of cuisines from traditional Cantonese to authentic Macanese.

“We look forward to working with STDM on establishing the new identity of this well known Macau landmark,” said Michael Ziemer, General Manager.