Reliance acquires 73.37% in New York’s Mandarin Oriental hotel

Reliance acquires 73.37% in New York’s Mandarin Oriental hotel – Reliance Industrial Investments and Holdings Limited have acquired the entire share capital of Columbus Centre Corporation, Cayman Islands, for an equity consideration of $98.15 million (Rs 735 crores in Indian Currency).

• Columbus Centre is the indirect owner of a 73.37% stake in Mandarin Oriental New York and it is one of the premium luxury hotels in New York City.

About New York’s Mandarin Oriental hotel

• It was built in 2003.
• Mandarin Oriental New York is an iconic luxury hotel.
• It is located at 80 Columbus Circle, directly adjacent to the pristine Central Park and Columbus Circle

Mandarin Oriental Hotel Income or revenues

• $115 million in 2018,
• $113 million in 2019
• $15 million in 2020. 

List of premium luxury hotels in New York City

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