Mandarin Oriental Hotel, Prague Wins Award.

Berlin, March 2007 - At the 2007 International Hotel Investment Forum held in Berlin, the Mandarin Oriental Hotel, Prague picked up the Award for The New Development Deal of the Year 2006. The Award was accepted, on behalf of the Developer, by Phil Golding of Cedar Capital Partners. About Mandarin Oriental Hotel, Prague Originally a 14th Century Dominican monastery located in a peaceful yet central part of the historic Malá Strana district on the left bank of the Vltava, the 99-room hotel is just steps away from famous landmarks such as the Charles Bridge and St. Nicholas Cathedral. With three buildings centred around a peaceful garden, the hotel’s historical features include vaulted ceilings, Baroque columns, and arched windows. These have been sensitively complemented by natural materials, stylish contemporary furniture and subtle Asian touches, creating a look of elegant opulence that defines Mandarin Oriental hotels. "In many ways, Mandarin Oriental, Prague exemplifies all the qualities that make this city such a popular destination. It exudes history, dazzles the eye with a mixture of architectural styles, and charms visitors with its unique character," said General Manager, Clemens Hoerth. FOR MORE INFORMATION PLEASE CONTACT Cedar Capital Partners Mr. Phil Golding Vice President Tel: +44 20 7484 3564 Fax: +44 20 7484 3561 E-mail: phil@cedarcp.com