The Oberoi Group, which owns or manages the Oberoi Hotels and Resorts
and Trident Hilton brands, plans to invest Rs 4,500 crore to increase
its room capacity in the super-premium segment by over 60 per cent
over the next five years.
The group has a room capacity of 4,100 and it intends to increase this
to 6,800, through new hotels in India and abroad.
The company would generate up to Rs 1,000 crore internally for this
expansion, said P R S Oberoi, chairman, East India Hotels (EIH), the
flagship company of the Oberoi Group, at an interactive session after
the 57th annual general meeting today. The other Rs 3,500 crore would
be raised through debt and equity.
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The Oberoi Hotels and resorts are truly India's pride. They are premium luxury hotels. We are glad on their adventurous expansion. i don't know how anyone can compare Oberoi with Fortune. Fortune cannot even dream of reaching Oberoi's level.
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