Owner of the Oberoi brand, luxury hotels group East India Hotels Ltd says it will invest Rs650 crore to strengthen its presence in Bangaluru and Goa by adding new hotel as part of its growth plans to add another 10 properties and 2,300 rooms.
The group also plans to integrate the recently established Trident brand under its EIH Associated Hotels.
EIL plans to open 10 hotels in the next three years, of which seven new hotels would be managed by the company and three on a management-contract basis. The company shall add 2,300 rooms in India and abroad by 2011 EIH chairman PRS Oberoi told shareholders at the companys AGM in Kolkata on 14 August.
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