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NEW DELHI: Reliance Industries has tied up with Oberoi Hotels to jointly manage three properties across India and the UK. These include 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 another planned project in Gujarat. Nita Ambani is on the board of directors of Oberoi Hotels parent company EIH and Reliance Strategic Business Ventures Ltd has 18.8% stake in EIH.
Reliance interest in hospitality has been growing. Last January it had announced acquiring 73.4% stake in the landmark Mandarin Oriental New York for $98.1 million. Apart from EIH, Reliance at that time already had investments in Stoke Park Limited in the UK and was developing a convention centre, hotel and managed residences in BKC Mumbai — both of which will now be co-managed with Oberoi.
Anant Vilas has been conceived as the first metro-centric property as part of the Oberoi’s luxury ‘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 and leisure facilities in Stoke Poges, Buckinghamshire. The facilities include a hotel, sports facilities and a golf course. Oberoi will assist with RIL to upgrade the facilities and make it a world-class destination, Reliance said in a statement.
The new project includes 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 statement added.
Reliance interest in hospitality has been growing. Last January it had announced acquiring 73.4% stake in the landmark Mandarin Oriental New York for $98.1 million. Apart from EIH, Reliance at that time already had investments in Stoke Park Limited in the UK and was developing a convention centre, hotel and managed residences in BKC Mumbai — both of which will now be co-managed with Oberoi.
Anant Vilas has been conceived as the first metro-centric property as part of the Oberoi’s luxury ‘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 and leisure facilities in Stoke Poges, Buckinghamshire. The facilities include a hotel, sports facilities and a golf course. Oberoi will assist with RIL to upgrade the facilities and make it a world-class destination, Reliance said in a statement.
The new project includes 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 statement added.
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