Reliance’s $98.15 Million Acquisition of New York’s Mandarin Oriental Hotel

Mayer Brown represented Reliance Industrial Investments and Holdings Limited of India (Reliance) on the deal.

India-based Reliance Industrial Investments and Holdings Limited of India (Reliance), a wholly-owned subsidiary of Reliance Industries Limited, announced the $98.15 million acquisition of Cayman Islands-based Columbus Centre Corporation, which indirectly owns a 73.37 percent stake in New York’s Mandarin Oriental hotel. 

In the event the owners of the remaining stake exercise their right to tag-along in the sale, Reliance will acquire the remaining 26.63 percent. The transaction is expected to close during the first quarter of 2022.

The Mayer Brown team included: Corporate & Securities – partners John Boelter (Picture) and David Carpenter and associates Brandon Birdsall, Bruno Paccola and Michael Russo; Tax Transactions & Consulting – partner Michelle Jewett (all New York) and associate Christopher Odell; Employment & Benefits – partner Stephanie Vasconcellos; Litigation & Dispute Resolution – counsel Maritoni Kane (all Chicago); and Real Estate Markets – counsel Tim Choppin (Washington DC).

Involved fees earner: J. Brandon Birdsall – Mayer Brown; John Boelter – Mayer Brown; David Carpenter – Mayer Brown; Timothy Choppin – Mayer Brown; Michelle Jewett – Mayer Brown; Maritoni Kane – Mayer Brown; Christopher Odell – Mayer Brown; Bruno Paccola – Mayer Brown; Michael Russo – Mayer Brown; Stephanie Vasconcellos – Mayer Brown;

Law Firms: Mayer Brown;

Clients: Reliance Industrial Investments and Holdings Limited;