Mandarin Oriental International Limited invests in and manages hotels and resorts primarily in Hong Kong and Macau, Europe, and the Americas. As of December 31, 2006, the company operated 34 deluxe and first class hotels and resorts, including 14 under development. It has operations in 20 countries with 15 hotels in Asia, 12 in the Americas, and 7 in Europe and North Africa, as well as under development hotels in Hainan Island, Mexico, Barcelona, Boston, Dallas, Chicago, Las Vegas, Macau, Marrakech, Turks and Caicos, Grand Cayman, Guangzhou, Taipei, and Paris. Mandarin Oriental was founded in 1986 and is based in Causeway Bay, Hong Kong.