January 28, 2023

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Mandarin Oriental takes stake in Stay One Degree | News

Mandarin Oriental Resort Group has taken a stake in property rental firm Continue to be One particular Diploma in a funding spherical.

The United kingdom and Hong Kong based organization has realized sturdy progress considering that its launch in 2018, and now delivers a selection of a lot more than 3,500 residences in over 250 locations to members in about 70 nations around the world.

The funding spherical was led by a strategic financial commitment from Mandarin Oriental and will permit Remain A single Degree to accelerate the growth of its world wide portfolio of fantastic luxurious homes and shift into new underpenetrated marketplaces. 

Keep One particular Diploma and Mandarin Oriental will also glance for chances to collaborate and produce a variety of curated luxurious experiences.

Thomas Bennett, Remain Just one Diploma co-founder, explained: “We are completely thrilled to have shut this Sequence A funding round and have a new strategic spouse and shareholder in Mandarin Oriental, which in my brain is the most luxurious lodge model in the earth, supplying famous company expectations and impeccable notice to depth. 

“We share their core values and obsessive target on featuring our associates a one of a kind encounter when they keep in our households.”

The pair will also examine avenues for clients to reward from exceptional obtain, privileged rewards and top-quality recognition throughout the put together portfolio of locations provided by the two makes.

“We seem forward to doing work carefully with Continue to be Just one Degree as they extend their exceptional presenting of amazing properties and solutions to discerning world wide travellers.

“We see definite options for our makes to collaborate together and glimpse forward to checking out means to introduce new luxurious activities that blend the greatest of both equally brands,” said James Riley, main govt of Mandarin Oriental Hotel Group.