New Delhi: Hospitality major East India Hotels (EIH) Ltd announced that it is closing the iconic Oberoi Hotel in 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 filing to the Bombay Stock Exchange.
Oberoi, New Delhi had contributed Rs 186.88 crore to the company's revenue, which was 13.68 per cent of the revenues for the last financial year ended March 31, 2015, EIH said.
Founded in 1934 late MS Oberoi, the iconic building is one of the country’s first luxury hotels and offers a sweeping view of Delhi’s golf course on one side and Humayun’s tomb on the other side.
The Oberoi Group operates 30 hotels, two Nile cruisers and a motor vessel in the backwaters of Kerala.
The group has presence in six countries under the luxury 'Oberoi' and five-star 'Trident' brands. It is also engaged in flight catering, airport restaurants, travel and tour services, car rentals, project management and corporate air charters.
(With agency inputs)
(Image courtesy: Oberoi Hotels & Resorts)