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Hilton Worldwide courts Boston's Mandarin Oriental with a view to buy

The hotel group is ready to invest 140 million dollars to buy the walls of the luxury property, or close to 1 million dollars per room. This would be the biggest hotel transaction on the Boston market.

Boston Mandarin Oriental is whetting investor appetites. the former owner of the Anglo Irish Bank Corp., which went bankrupt during the financial crisis, the luxury property was put up for sale by the Irish government. Hilton Worldwide thus made a bid in its takeover, putting 140 million dollars on the table.

Already considered one of the most important interventions on Boston's market, the transaction is nonetheless not definitive. The group Mandarin Oriental, current manager of the property could make an important offer. 

Located in a 14 story building on Boylston Street, in Back Bay, the luxury hotel has 148 rooms, and also 85 condominiums and apartments whose owners are independents of the Anglo Irish Bank Corp.

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