The Olayan Group acquired Mandarin Oriental, Barcelona from Reig Capital Group, Mandarin Oriental International Limited and Farallon Capital Europe LLP on July 3, 2023. The sale process is being run by JLL. Jones Lang LaSalle Capital Markets, Inc. acted as financial advisor to Reig Capital Group, and Savills LLC acted as financial advisor to The Olayan Group.

The Olayan Group completed the acquisition of Mandarin Oriental, Barcelona from Reig Capital Group, Mandarin Oriental International Limited and Farallon Capital Europe LLP on July 3, 2023.