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Reliance Industries partners with Oberoi Hotels to co-manage three hospitality projects
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Reliance Industries partners with Oberoi Hotels to co-manage three hospitality projects
Aug 24, 2023 1:31 PM

Reliance Industries Ltd (RIL) on Thursday said it has entered into an understanding with the Oberoi Hotels and Resorts (Oberoi) to jointly manage three properties across India and the UK.

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As per the details shared in the press release, the three properties include Anant Vilas Hotel in Mumbai's Bandra Kurla Complex (BKC), a planned project in Gujarat, and Stoke Park in the UK.

The three properties

Anant Vilas has been conceived as the first metro-centric property and is located in BKC - a mixed-use destination with business, hospitality, arts and culture, educational and residential uses and a high footfall of people.

A subsidiary of RIL, Stoke Park Ltd, owns sports and leisure facilities in Buckinghamshire's Stoke Poges. The facilities include a hotel, sports facilities, and a golf course. Oberoi will now assist with RIL to upgrade the facilities to a comprehensive upgrade of Stoke Park.

The upcoming unnamed project in Gujarat hotel project is still under implementation and aims to augment the tourism potential in the state of Gujarat.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary

Also Read:Jio Financial Services shares fall 5%, hit lower circuit limit for 4th day

First Published:Aug 24, 2023 10:31 PM IST

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