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Oberoi Plans to Expand Its Business to India

News East India Hotels has announced its desire to invest into hotels in Bangalore and Goa (India). For this purpose the representatives of the company have organized a meeting with P.R.S. Oberoi – the owner of Oberoi Group and the largest shareholder of East India Hotels.

The primary target of East India is luxurious accommodations. The company’s management has come to agreement with Oberoi Group and so the company has said it is going to build an Oberoi hotel in Bangalore. This upscale accommodation will be located on the area of 8.2 acre (3.3 hectare). The complex will consist of a 250-key hotel and a building with 60 luxury apartments. The second hotel will be built in Goa and will have 100 guestrooms.

Oberoi has also made a comment concerning these plans. The company currently owns two plots of land and wants to develop them. Most probably, this will be done together with Reliance. Reliance Industries is the largest private sector company of India. The company is mostly involved into manufacture of plastics, polyester and retail business, but it also owns a small share of stakes (15%) of East India Hotels.

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