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Reliance Industries Acquires Mandarin Oriental New York Hotel In Manhattan For $195.2M

Property Image
SOLD
$195,164,200

New York

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Hotel213,125 SF
Sold 05/11/2023
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Property Image
SOLD

Reliance Industries Acquires Mandarin Oriental New York Hotel In Manhattan For $195.2M

80 Columbus Cir, New York, NY 10023, United States

See Similar Deals
Hotel213,125 SF
Sold 05/11/2023
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Hotel
Price Per Square Foot:$915
Total Square Footage:213,125 SF
Transaction Type:Sale

Reliance Industries, led by Indian billionaire Mukesh Ambani, has acquired a 73.37 percent stake in the Mandarin Oriental New York hotel at 80 Columbus Circle in Manhattan for $195.2 million. The purchase was made through Reliance Strategic Business Ventures Limited from the Investment Corporation of Dubai.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $195,164,200
  • Address: 80 Columbus Circle, Lincoln Square, Manhattan
  • Square Feet: 213,125
  • Price per Square Foot: $916
  • Market: Lincoln Square, Manhattan

The buyer, Reliance Industries, represented by Mukesh Ambani, acquired the majority stake in the Mandarin Oriental New York hotel. The seller, Investment Corporation of Dubai, facilitated the transaction. The deal was brokered by JLL.

Players

MA
Mukesh Ambani
3 deals$302.4M volume
BUYER
ID
Investment Corporation of Dubai
SELLER

Details

SOLD
IMAGE: Mukesh Ambani DATE: 05/11/2023 ADDRESS: 80 Columbus Circle (Mandarin Oriental New York Hotel) MARKET: Lincoln Square, Manhattan ASSET TYPE: Hotel BUYER: Reliance Industries - Mukesh Ambani SELLER: Investment Corporation of Dubai (@InvestmentCorporationofDubai) BROKER: JLL (@JLL) SALE PRICE: $195,164,200 SF: 213,125 ~ PPSF: $916 NOTE: Reliance Industries, led by Indian billionaire Mukesh Ambani, has acquired a 73.37 percent stake in the Mandarin Oriental New York hotel at 80 Columbus Circle in Manhattan for $195.2 million. The purchase was made through Reliance Strategic Business Ventures Limited from the Investment Corporation of Dubai.

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