Last year, Mukesh Ambani surprised everyone by buying an iconic hotel in London. Ambani used to invest in the retail market, while investing in hospitality was a bit different for him.
Built in 2003, the Mandarin Oriental is a prestigious luxury hotel located at 80 Columbus Circle, New York.
Country’s richest man and billionaire businessman Mukesh Ambani ,Mukesh Ambani Bought another hotel in less than a year. Reliance Industries Limited ((Reliance Industries Limited) announced the acquisition of New York’s iconic luxury hotel Mandarin Oriental for 728 million ($9.81 million). Built in 2003, the Mandarin Oriental is a prestigious luxury hotel located at 80 Columbus Circle, New York, Which is right next to Central Park and Columbus Circle. This is the second acquisition of the iconic hotel by Reliance in less than a year. Last year Stoke Park, Britain’s first iconic country club and golf resort, was awarded £57 million (Rs 592 crore) I had bought.
Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly owned subsidiary of Reliance Industries Limited (RIL), has today issued entire issued shares of Columbus Center Corporation (Cayman) at an equity return of approximately $98.1 million, the company said in a stock exchange filing. entered into an agreement to acquire the capital.
It is a company incorporated in the Cayman Islands and indirectly owns a 73.37 percent stake in Mandarin Oriental New York. The Mandarin Oriental is one of the prestigious luxury hotels in New York City.