Reliance to Buy Mandarin Oriental New York in $98 Million Deal
This deal underscores how Mumbai-based conglomerate Reliance, run by billionaire Mukesh Ambani, cares about travel. In 2021, it bought Britain's Stoke Park. It's also been keeping a stake in Oberoi Hotels, developing hotels in Mumbai, and running a full-service hospitality management company.
Shivam Patel, Reuters | 2 weeks ago