Jardine Strategic’s Mandarin Oriental to acquire US$140m Boston hotel

The group has managed the hotel since 2008.

The firm has deepened its footprint in the gateway city of Boston as it acquires the freehold interest in the property that houses Mandarin Oriental, Bosten, together with its hotel business.

According to a statement by Jardine Strategic, the group manages 85 privately owned residences at Mandarin Oriental connected to the hotel.

“Mandarin Oriental has exercised its right under its long-term management contract to acquire the Hotel from CWB Hotel Limited Partnership. The Hotel had been offered for sale by auction, and a number of bids had been received. Under Mandarin Oriental’s management contract, it has the right to acquire the property for a sum equivalent to the highest bid,” the statement said.

Edouard Ettedgui, group chief executive, said the acquisition ensures the continuity of the company’s position in Boston.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia