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East India Hotels to manage Reliance property in Navi Mumbai

India Times
East India Hotels to manage Reliance property in Navi Mumbai - India - hotels - East India Hotels - Mumbai


KOLKATA: East India Hotels (EIH), which owns and manages the Oberoi and the Trident brand hotels, would enter into a management contract with Reliance for the latter's property in Navi Mumbai, chairman P R S Oberoi said today.



"EIH will probably manage the Reliance property which will come up at Navi Mumbai on their land," Oberoi told reporters after the company's AGM here.

Asked whether this model would be replicated in other cases, Oberoi said that it was the decision of Reliance Industries. "We have not said anything on these lines to Reliance."

The Navi Mumbai project would be a Trident property with a 160-room hotel and service apartments. Reliance has 15 acre in the area.

The shareholders of EIH approved the induction of Nita Ambani, wife of RIL Chairman Mukesh Ambani, as a board member of the company.

Mukesh Ambani-led Reliance group holds 18.53 per cent stake in EIH through Reliance Industries Investment and Holding Private Limited.

Source



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