New Delhi: Mukesh Ambash Reliance Industries Ltd.
on Saturday announced the acquisition of the New York Mandarin Oriental Premium Luxury Hotel at a price of $ 98.15 million.
Established in 2003, Mandarin Oriental, New York is an iconic luxury hotel located in 80 Columbus Circle, directly adjacent to the Pristine Central Park and Columbus Circle.
“Reliance Industries Investments and Holdings Limited (Riihl), a subsidiary that is fully owned by Reliance Industries Limited, has today, signed an agreement to obtain all share capital issued by Columbus Center Corporation (Cayman), a company established in the Cayman Islands and owners Indirectly from 73.37 percent of shares in Mandarin Oriental New York, one of the premium luxury hotels in New York City with consideration of equity of around $ 98.15 million, “the company said in the archiving of the stock exchange.
Reliance bought a New York Mandarin Oriental Luxury Hotel for $ 98.15 million
