|
|
Article: The lure of the luxurious Investors buy a controlling interest in Mandarin project
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- November 18, 2008
- Author:
CopyrightCopyright 2008 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
|
Developers of Boston's Mandarin Oriental hotel have sold a
controlling interest in the ultra-swanky new address on Boylston
Street to an international consortium of investors represented by
Anglo Irish Bank Corp., a person involved in the transaction said.
Robin Brown and Stephen R. Weiner sold the interest in the 148-
room hotel, accompanying restaurant and retail space, and 35 rental
apartments on Oct. 6, the same day the Mandarin Oriental complex
officially opened for business.
Fifty Mandarin Oriental condominiums, purchased by individual
owners for prices ranging from $2 million to $14 million, were not
part of the transaction.
Brown said he and Weiner continue to own a "substantial and ...