A majority stake in Manhattan’s high-end Mandarin Oriental hotel has been sold to affiliates of Indian conglomerate Reliance Industries amid increased global luxury travel demand.
Indian Conglomerate Buys Majority Interest in New York’s Mandarin Oriental Hotel
Global Luxury Hotel Transaction Volume Topped $10 Billion in Both 2021 and 2022, JLL Says
By Andria Cheng
CoStar News
May 18, 2023 | 6:07 P.M.
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IN THIS ARTICLE
- Properties
- Mandarin Oriental New York
80 Columbus Cir, New York, NY
- Companies
- Mandarin Oriental Hotel Group
Accommodation and Food Services
- Reliance Industries Limited
Professional, Scientific, and Technical Services
- Investment Corporation Of Dubai (ICD)
Finance and Insurance