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Mandarin Oriental Sells The Mark, New York

January 3, 2006 By: Erin Sternthal Travel Agent


Mandarin Oriental has agreed to sell The Mark, New York for $150 million to a joint entity controlled by Izak Senbahar and Simon Elias. According to Mandarin Oriental, the firm is currently discussing terms of a management agreement with the new owners and expects to continue managing the hotel after the sale.


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