Oberoi Hotel in New Delhi to close for renovation for 2 years
The hotel contributed 13.68% in revenue to the company in the last financial year.
Hospitality major EIH Ltd, which runs hotels and resorts under Oberoi and Trident brands, will close Oberoi, New Delhi for two years for major renovations of the property.
"The Oberoi, New Delhi will be closed effective from April 1, 2016, for major renovations. The hotel is expected to be ready for commercial operations by April 1, 2018," EIH Ltd said in a BSE filing.
Oberoi, New Delhi had contributed Rs 186.88 crore in revenue which was 13.68% of the revenues of the company for the last financial year-ended March 31, 2015, EIH said.
Founded in 1934, the Oberoi Group operates 30 hotels, two Nile Cruisers and a Motor Vessel in the backwaters of Kerala.
The Group operates in six countries under the luxury 'Oberoi' and five-star 'Trident' brand. It is also engaged in flight catering, airport restaurants, travel and tour services, car rentals, project management and corporate air charters.