India’s richest man Mukhesh Ambani has acquired the Mandarin Oriental Hotels flagship New York City property for $98.15 million.
The purchase of Mandarin Oriental’s New York property is expected to close by March 2022, according to a company disclosure to stock exchanges dated January 8.
The property is on the corner of Central Park, New York City’s largest green space. Its rooms overlook the Hudson River and are steps away from the Broadway Theater District, Lincoln Center, Central Park and about 20 minutes by foot from Times Square.
Mandarin Oriental operates 35 hotels and seven residences in 24 countries, including six hotels in the United States.