TIWN
New York, Jan 9 (TIWN) Reliance Industries Ltd, India's largest corporate by revenues, profits and market value, has announced the acquisition of Mandarin Oriental Hotel's flagship New York City property in Columbus Circle.
This is the latest addition to the company’s acquisitions worth $5.6 billion across eight verticals (Morgan Stanley aggregation a day before the Mandarin Oriental deal).
Located at 80, Columbus Circle, Mandarin Oriental’s New York 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 in the US.
The Mandarin Oriental brand counts Irish born actor of ‘Schindler’s List’ and ‘Taken’ fame Liam Neeson among its fans.
- With April series having expired, expect markets to turn volatile
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report