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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