Bloomberg News

Istithmar in Mandarin Oriental Refinance Talks, Al-Khaleej Says

February 28, 2012

Dubai’s Istithmar PJSC is in talks with a Chinese lender to refinance its $175 million mortgage on the Mandarin Oriental New York Hotel in Manhattan’s Time Warner Center, Al-Khaleej newspaper reported, citing unidentified people within Istithmar.

The newspaper did not name the Chinese lender. The investment firm, owned by Dubai’s government, bought the 248- room hotel for $340 million in 2006.

To contact the reporter on this story: Zainab Fattah in Dubai at

To contact the editor responsible for this story: Andrew Blackman at

Steve Ballmer, Power Forward
blog comments powered by Disqus