Henderson Park, a private equity real estate manager, completed the acquisition of Mandarin Oriental Washington D.C. hotel from Mandarin Oriental Hotel Group, a Hong Kong hotel investment and management group, for $139m. "Over the last 18 years Mandarin Oriental has positioned this hotel as a market leader in the city. During this period however, the Group's portfolio has developed significantly with many new, unique properties across the world that are more in line with our long-term vision for the brand than this asset. Today, with our track record in creating market-leading hotels, the Group's strategy for expansion is focused on growing the management business with brand-defining properties. With strong interest from investors in this property, the time was right to initiate a sales process which has now been successfully concluded," James Riley, Mandarin Oriental Hotel Group CEO.