A Bermuda-based hotel firm has bought Boston’s Mandarin Oriental Hotel for $140 million.

Mandarin Oriental has managed the hotel on the city’s upmarket Boylston Street since it opened in 2008.

But now the company, part of the Bermuda-based Jardine Matheson empire, has bought the freehold and hotel business from CWB Hotel Ltd Partnership.

Mandarin Oriental also manages the 85 privately-owned “Residences at Mandarin Oriental” which are linked to the hotel.

Mandarin Oriental chief executive Edouard Ettedgui said: “We are delighted to acquire the property that houses our luxury hotel in the heart of Boston.”

Mandarin Oriental operates or has under development 47 hotels in 25 countries with a total of 11,000 rooms.

It also operates or is developing 17 residential developments connected to its properties.