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Tuesday, September 26, 2023

Reliance: Reliance & Oberoi to co-manage two hotels in India and one in the UK

NEW DELHI: Reliance Industries has tied up with Oberoi Hotels to collectively handle three properties throughout India and the UK. These embrace the upcoming Anant Vilas Hotel in Mumbai’s Bandra Kurla Complex (the first Oberoi ‘Vilas’ in a metro), the iconic Stoke Park in the UK, and one other deliberate mission in Gujarat. Nita Ambani is on the board of administrators of Oberoi Hotels dad or mum firm EIH and Reliance Strategic Business Ventures Ltd has 18.8% stake in EIH.
Reliance curiosity in hospitality has been rising. Last January it had introduced buying 73.4% stake in the landmark Mandarin Oriental New York for $98.1 million. Apart from EIH, Reliance at the moment already had investments in Stoke Park Limited in the UK and was growing a conference centre, lodge and managed residences in BKC Mumbai — each of which can now be co-managed with Oberoi.
Anant Vilas has been conceived as the first metro-centric property as a part of the Oberoi’s luxurious ‘Vilas’ portfolio. It will come up in Mumbai’s Bandra Kurla Complex. UK’s Stoke Park Ltd, a subsidiary of Reliance Industries Limited, owns sports activities and leisure amenities in Stoke Poges, Buckinghamshire. The amenities embrace a lodge, sports activities amenities and a golf course. Oberoi will help with RIL to improve the amenities and make it a world-class vacation spot, Reliance stated in a press release.
The new mission contains an “iconic hotel” in Gujarat. “Oberoi has an unparalleled track record of providing outstanding customer service in the hospitality industry globally. Oberoi has in their portfolio several palaces and other historic properties that have been enhanced while preserving the character and vision of the historic properties,” Reliance assertion added.

Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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