Hilton offers $140 million for the Mandarin Oriental Boston

Hilton Worldwide is offering to buy the Mandarin Oriental in Boston for $140 million, just short of $1 million per room.

Since 2008 the hotel has been owned by Anglo Irish Bank Corp. The Irish government is selling off its U.S. assets through a federal bankruptcy court in Delaware and held a three-day auction for the Boston hotel last week in Chicago. The 14-story building also has 85 condominiums and apartments that are privately owned and not part of the deal.

FREE DAILY NEWSLETTER

Like this story? Subscribe to Operations & Technology!

Hospitality professionals turn to Operations & Technology as their go-to source for breaking news on guestrooms, food & beverage, hospitality and technology trends, management and more. Sign up today to get news and updates delivered to your inbox daily and read on the go.

At just under $946,000 per room for the 148-room hotel, the $140-million deal would be most expensive hotel purchase in Boston's history.

Suggested Articles

The debuts consisted of a Hotel RL in St. Louis, a Tru by Hilton in Springfield and a SpringHill Suites by Marriott in Kansas City.

The appointments include new general managers, directors of sales and marketing and a cluster revenue manager at the corporate level.

The Singapore-based company plans to reflag a Westin hotel in Toronto later this month.