Indian tycoon Mukesh Ambani. Photo: Instagram
Indian tycoon Mukesh Ambani. Photo: Instagram
India

Mukesh Ambani’s stake in New York’s Mandarin Oriental makes him the latest Indian tycoon to invest in overseas hotels

  • Asia’s second richest man has joined a growing list of Indian hoteliers like the Oberois and Tatas snapping up stakes in the global hospitality sector
  • Analysts say the ease of doing business in the West and the ‘social prestige’ of owning prime properties overseas were some of the factors behind such big ticket deals

Indian tycoon Mukesh Ambani. Photo: Instagram
Indian tycoon Mukesh Ambani. Photo: Instagram
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