India's Reliance to acquire control of Mandarin Oriental New York for $98m

India's Reliance to acquire control of Mandarin Oriental New York for $98m

Photo: Reuters

Indian conglomerate Reliance Industries Ltd is paying nearly $100 million for a controlling stake in Mandarin Oriental New York, a five-star hotel in midtown Manhattan, through the purchase of its Cayman Islands-based parent.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter