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Monday 23-Jul-2012

Oberoi Realty aims to tie with a hotel operator for its Worli project by September end

Close to sign up Mandarin Oriental for the project, but is said to be in talks with three operators for the project that will include its second luxury hotel

By  Traveltechie Bureau | Mumbai

Oberoi Realty is hoping to tie up with a hotel operator for its mixed-use project at Worli in central Mumbai by the end of ongoing quarter in September, Vikas Oberoi, chairman and managing director said.

As per an ET report the company was close to sign up Mandarin Oriental for the project, but the company today said it is in talks with three operators for the project that will include its second luxury hotel and branded residences.

Apart from the management contract for the luxury hotel, the operator may also be engaged for managing over 200 branded residences that will be part of the 3.1 million sq ft mixed-use development.

Oberoi Realty's first property at Goregaon, a north Mumbai suburb, has 269 keys and is being operated by Starwood through its brand The Westin. Oberoi Realty entered into a 20-year management contract for this property with Starwood in 2008.