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Launch of Residences at Mandarin Oriental New York

Edouard Ettedgui, Group Chief Executive of Mandarin Oriental Hotel Group has announced that Mandarin Oriental will launch an exclusive extension of their luxury hotel experience with the opening of The Residences at Mandarin Oriental, New York. The 65 luxurious condominiums are currently under construction above the hotel component of AOL Time Warner Center at Columbus Circle.

Stunning architecture and spectacular views of Central Park will be a feature of The Residences at Mandarin Oriental, New York. To accompany the exclusivity of the address, owners will be offered custom-made services and amenities to complement their lifestyles. Through the provision of bespoke benefits, the condominium owners will be treated as permanent guests of Mandarin Oriental, New York and will enjoy the exceptional services and amenities provided by the hotel. This will include access to gourmet cuisine via 24-hour room service, an array of concierge, doorman, housekeeping and valet services, as well as a wide range of dining, entertainment and well-being facilities.
The location of the residences will be second to none, providing discreet, yet direct access to AOL Time Warner Center`s luxury boutiques and acclaimed restaurants, the entertainment programs of the new Jazz at Lincoln Center, as well as easy access to the city`s airports and highways via the convenience of its Central Park and the Columbus Circle location.

Residents can opt for daily, twice daily, or weekly housekeeping; cleaning services prior, during, and after private functions; service upkeep during periods of absence; ozone treatments to purify the air; florist services and plant maintenance.  The hotel`s concierge will arrange for residents to receive priority reservations at the variety of
restaurants on offer at the hotel and the AOL Time Warner Center; secure tickets for the city`s most sought-after theatrical performances and cultural events; obtain reservations at popular Manhattan restaurants; and provide specialized travel arrangements. 
In addition, residents will have priority access to The Spa at Mandarin Oriental, a 14,500-square-foot oasis of tranquility, providing restorative treatments complemented by Asian-based rituals.  A complete state-of-the art sports and fitness center, featuring multi-sensory exercise equipment and a 75-foot lap pool is also available for residents` use, and all command spectacular views of the Manhattan skyline.
“We are delighted to be able to extend Mandarin Oriental`s renowned service quality to the residents of the luxurious condominiums above Mandarin Oriental, New York. We provide our guests around the world with legendary service that is steeped in the values of our oriental heritage and we look forward to welcoming the residents to the warmth of Mandarin Oriental,” said Edouard Ettedgui.
“AOL Time Warner Center promises to be an icon in New York offering residents, their guests and visitors many sophisticated and contemporary lifestyle options. We are delighted to be working with Mandarin Oriental to create a unique residential experience,” said Stephen M. Ross, CEO of The Related Companies, LP.
“The privileged residents living atop Mandarin Oriental, New York will enjoy a lifestyle never before experienced in the history of a luxury residential development, creating for the first time ever, Five Star Living?, ” said Louise Sunshine, CEO of The Sunshine Group Ltd., exclusive Marketing & Sales Agent for The Residences at Mandarin Oriental, New York and One Central Park condominiums. “With a location in the cultural heart of New York City; the most commanding views of Central Park and the Manhattan sky-line; inspired, contemporary architecture and interior design; the legendary, award-winning service of Mandarin Oriental, New York and unparalleled technological sophistication, The Residences at Mandarin Oriental are fast becoming the city`s most prestigious address.”
Other facilities of Mandarin Oriental, New York include a fully equipped Business Center, versatile meeting and conference rooms wired with the latest, state-of-the-art technology, and a 6,000 square foot, pillar-less ballroom with three walls of windows overlooking Central Park that residents may book for special events.
The hotel`s signature restaurant, Asiate, designed by Tony Chi, will offer residents exciting cuisine with stunning views.  In addition, a cocktail bar off the lobby will provide an ideal setting for one-on-one or group gatherings.

Scheduled for completion in Autumn 2003, the 2.1-million square-foot AOL Time Warner Center, under construction on Columbus Circle, will be the largest mixed-use complex ever constructed in New York`s history. The complex, designed by David M. Childs of Skidmore, Owings & Merrill, is being developed by The Related Companies, L.P., The Palladium Company and Apollo Real Estate Advisors, L.P. with AOL Time Warner Inc., who will own and occupy 30% of the center, representing 864,000-square-feet of broadcast facilities and corporate headquarters. The project will also feature the 251-room Mandarin Oriental hotel; the 100,000-square-foot performance halls of Jazz at Lincoln Center; The Shops at Columbus Circle, including prestigious retail and restaurants by signature chefs Jean-Georges Vongerichten and Thomas Keller; and 191-luxury residential condominiums with the most commanding views of Central Park.

About Mandarin Oriental Hotel Group: Mandarin Oriental is the award-winning owner and operator of some of the world`s most prestigious hotels and resorts.  In total, the Group operates 18 luxury hotels in key business and leisure destinations, with five additional hotels under development in New York (opening late 2003), Washington D.C. (opening 2004), Hong Kong (opening 2005) as well as Tokyo and Boston (opening 2006).  Mandarin Oriental now operates some 7,000 rooms in eleven countries with nine hotels in Asia, six in The Americas and three in Europe.

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About The Related Companies, L.P. : The Related Companies, L.P., one of the most respected real estate companies in the U.S. with over $10 billion worth of residential, commercial and retail properties owned and/or managed in 44 states, continues its legacy of creating landmarks and setting new standards in excellence for modern living.  For more than 25 years, Related has left its distinctive mark on the Manhattan skyline with residences that deliver on the exacting standards set by New Yorkers and those who love New York. Related leads a consortium that includes Related Urban Development, Apollo Real Estate Partners, and GMAC, creating a team of unmatched financial power, vision, and expertise.

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