Reliance Industries Limited is acquiring Mandarin Oriental, a luxury hotel in New York, for $98.15 million, or Rs 7,294 crore. Set up in 2003, Mandarin Oriental New York — a 248-room and suites property — is located at 80 Columbus Circle, adjacent to Central Park and Columbus Circle. The facilities included a hotel, conference facilities, sports facilities and one of the highest rated golf courses in Europe. Pandemic worryAlthough the Mandarin Oriental reopened on April 1 last year, it’s been hit like other leading hotels by the lack of high-spending visitors and business travellers from abroad. Bond localeThe Stoke Park facility is an iconic locale that’s been the setting for two James Bond films.

Source: The Telegraph January 10, 2022 09:16 UTC