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Hotels & Resorts
Business Update16 Sept 2024, 01:40 am

EIH LTD. to Invest in Luxury Hotel Project in London

AI Summary

EIH LTD., in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has approved an investment in a company to be incorporated in the United Kingdom, EIH London Investments Limited. The company will own 51% share of the target entity. The proposed company will develop The Oberoi, London, a luxury hotel with approximately 11 suites and 6 rooms, catering to both domestic and international travelers. The hotel is expected to be operational by the fourth quarter of Financial Year 2027-28. The total investment required is estimated to be GBP 15 Million.

Key Highlights

  • EIH LTD. to invest in a UK-based company, EIH London Investments Limited
  • The company will own 51% share of the target entity
  • The investment will be used to develop The Oberoi, London, a luxury hotel
  • The hotel is expected to cater to both domestic and international travelers
  • The hotel is projected to be operational by the fourth quarter of Financial Year 2027-28
  • The estimated investment required is GBP 15 Million
EIHOTEL
Hotels & Resorts
EIH LTD.

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