Mandarin Oriental New York, the premium luxury hotel is Now part of Reliance Group. A subsidiary of Reliance Industries is acquiring it. Mandarin Oriental is known for its much-in-demand ballroom, five-star spa and eating and drinking venues, including MO Lounge.
Liam Neeson and Lucy Liu are among regular guests.
Set up in 2003, 248-rooms-and-suites hotel towering over Central Park is an iconic luxury hotel located at 80 Columbus Circle, directly adjacent to the pristine Central Park and Columbus Circle.
“Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly-owned subsidiary of Reliance Industries Limited (“RIL”), has today, entered into an agreement to acquire the entire issued share capital of Columbus Centre Corporation (Cayman), a company incorporated in the Cayman Islands and the indirect owner of a 73.37 per cent stake in Mandarin Oriental New York, one of the premium luxury hotels in New York City for an equity consideration of approximately USD 98.15 million,” the firm said in a stock exchange filing late on Saturday.