Oberoi Hotels
Oberoi Hotels
Oberoi Hotels
The Oberoi Group, founded in 1934, owns and/or operates 28 hotels and 3
cruise liners in five countries. The foundations of the Oberoi Group date back to
1934 when Rai Bahadur Mohan Singh Oberoi, the founder Chairman of the
group bought from an Englishman; two properties - The Clarke's in Delhi and The
Clarke's in Shimla. In the ensuing years; Mr.Oberoi ably assisted by his two sons,
Mr. Tilak Raj Singh Oberoi and Mr. Prithvi Raj Singh Oberoi continued the
expansion of their group with properties both in India and abroad.
Today, Mr.P.R.S.Oberoi is the Chairman of The Oberoi Group and his son;
Mr.Vikram Oberoi and his nephew, Mr.Arjun Oberoi serve in the capacities of
Joint Managing Directors at EIH Ltd and EIH Associated Hotels, the two major
holding companies of The Oberoi Group.
Presently, under the Oberoi brand; the group owns and/or operates 16 luxury
hotels and 3 luxury cruisers in India, Mauritius, Egypt, Indonesia and Saudi
Arabia.
Under the Trident brand, the group owns and operates 9 properties in India and
one property in Saudi Arabia.
The Group also operates the Clarke's Hotel in Shimla and the Maiden's Hotel in
Delhi. These two properties; however are neither under the Trident nor under the
Oberoi brand.
List Of Hotels
In India:
In Indonesia:
In Mauritius:
In Egypt:
In Saudi Arabia:
Trident Hotels
In India:
In Saudi Arabia:
Ownership
The Oberoi Family headed by its patriarch, Mr. P.R.S. Oberoi is the majority
shareholder in EIH Ltd with 32.11% stake. Cigarettes to Hotels conglomerate,
ITC Ltd. owns approximately 14.98% stake in EIH Ltd. To ward off pressures
from ITC Ltd. whose ownership stands precariously close to the automatic open
offer trigger at 15%, the Oberoi family divested 14.12% stake in EIH Ltd. to
Mukesh Ambani led Reliance Industries Investment and Holding Pvt Ltd. The
stake sale happened on August 30, 2010 for Rs. 1,021 cores valuing EIH Ltd. at
an enterprise value of Rs. 7,200 crores.