RIL and Oberoi to Co-Manage Three Iconic Hospitality Projects

Reliance Industries today announced that it has entered into an understanding with The Oberoi Hotels and Resorts (Oberoi) to jointly manage three properties across India and the UK. These include the upcoming Anant Vilas Hotel in Mumbai's Bandra Kurla Complex (BKC), the iconic Stoke Park in the UK, and another planned project in Gujarat. Oberoi Hotels was voted the World's Best Hotel Brand at the Travel + Leisure, USA World's Best Awards, 2022.

Anant Vilas, Mumbai

Anant Vilas has been conceived as the first metro-centric property as part of the iconic luxury 'Vilas' portfolio run by Oberoi. Anant Vilas is located in the bustling business district of Bandra Kurla Complex in Mumbai which is fast becoming a mixed use destination with business, hospitality, shopping, F&B, arts and culture, educational and residential uses and high footfall of citizens and visitors to the city. Anant Vilas seeks to augment the hotel footprint of the business district with an iconic experience for the discerning visitors.

Stoke Park, UK

Stoke Park Limited, a subsidiary of Reliance Industries Limited, owns sports and leisure facilities in Stoke Poges, Buckinghamshire. The facilities include a hotel, sports facilities and one of the highest rated golf courses in Europe. Oberoi will assist with RIL to upgrade the facilities and make it an iconic world-class destination and to deliver an unrivalled experience for guests. The plans that will include a comprehensive upgrade of Stoke Park, including golf and other sports facilities, are under preparation.

New Project, Gujarat

Envisaged as another iconic hotel project to augment the tourism potential in the state of Gujarat, the yet unnamed project is under implementation.

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."

Shares of Reliance Industries Limited was last trading in BSE at Rs. 2478.65 as compared to the previous close of Rs. 2523.15. The total number of shares traded during the day was 302604 in over 27085 trades.

The stock hit an intraday high of Rs. 2542.00 and intraday low of 2471.60. The net turnover during the day was Rs. 758106823.00.

Source : Equity Bulls

Keywords

RelianceIndustries INE002A01018 Oberoi CoManagement Properties IconicHospitalityProjects India UK