Wednesday June 3, 2020

Hilton thwarts Gates in luxury Anglo hotel sale for more than $140 million

The sale of the Mandarin Oriental Hotel in Boston closed late last week

6th December, 2015
4
Mandarin Oriental Hotel under construction in Boston in 2006 Pic: Bloomberg

The special liquidators of IBRC have sold a landmark five-star hotel in Boston to the Hilton Hotel Group for more than $140 million, a price that has shattered Boston hotel records.

The sale of the Mandarin Oriental Hotel in Boston closed late last week following a formal bidding process overseen by the liquidators, KPMG.

The Hilton Group edged out the Bill and Melinda Gates Foundation, a charity vehicle headed by the Microsoft founder, for the luxury...

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