Mandarin Oriental International Sales Washington D.C. Hotel for USD139 Million
Hong Kong-based Mandarin Oriental International Limited ("MOI") has announced that it has entered into an agreement to sell Mandarin Oriental, Washington D.C., to London-based Henderson Park, a private equity real estate management company, for USD139 million with a post-tax, non-trading gain of approximately USD 45 million which will be recognized in 2022. The Mandarin Oriental is prominently placed along the capital's revitalized Southwest Waterfront. Following the sale completion scheduled for 8 September 2022, Mandarin Oriental, Washington D.C., will cease to be operated by the group.
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