By Sarah Gain
Indian chain will operate a 30-storey hotel at Dubai’s Business Bay
he Oberoi Group is set to open its first luxury property in Dubai after signing an AED 750 million (US $190.6 million) agreement with real estate firm, Rani International.
The joint venture will see a pair of landmark 30-storey towers built at the entrance to Dubai Business Bay, adding an extra additional 275,000m² to Dubai when it opens in the last quarter of 2008.
One of the towers will be a world-class luxury hotel comprising 250 rooms and 40 furnished apartments, explained Lincy Isaac, director of sales and marketing, Oberoi Hotels & Resorts. The other will house offices.
She said the Oberoi-branded hotel, which will be designed by international companies headquartered in Singapore and South Africa, would “set a new standard for luxury in the emirate”.
Oberoi global chairman, PRS Oberoi, who has resisted developing properties in the UAE until now, said the property would “become a landmark at the entrance to Business Bay — and indeed, the new Dubai”.
“Dubai is now a world-class leisure and business destination, so it is a natural fit for our groups to manage a world-class property here,” he added.
Further expansion plans for Oberoi include new Oberoi brand luxury hotels in Bangalore, Goa and Gurgaon in India, Siem Reap in Cambodia and The Maldives.
The construction of the 437-key Trident Hilton hotel in the Bandra Kurla Complex, Mumbai is progressing. The hotel is expected to open in 2008.
In addition, the construction of a 150-key Oberoi brand luxury hotel located next to the Trident Hilton Gurgaon will commence shortly, while a 130-key Oberoi brand hotel and 40 service apartments has been finalised near Manesar, Gurgaon District.
The Goa hotel is located on a 50-acre beachfront site, while the 225-key Bangalore hotel will be built on an 8-acre site overlooking Hebbel Lake. The Bangalore hotel will be the nearest luxury hotel to the new Bangalore International Airport.
Rajgarh Palace, 25km from Khajuraho, is being converted into a luxury hotel on a 60-acre site with a private lake. In addition, the company has also joined forces with the Government of Rajasthan and the Indian Railways to operate a world-class luxury train on the famed Golden Triangle route. A seven-day itinerary will take in Delhi-Jaipur-Jodphur-Jaisalmer-Udaipur-Ranthambhore-Agra-Delhi.
The India-headquartered Oberoi Group currently manages 34 hotels in five countries under the Oberoi and Trident brands, including the Mena House Oberoi, Cairo, the Madina Oberoi in Saudi Arabia, the Oberoi Sahl Hasheesh on the Red Sea and The Oberoi Philae and The Oberoi Shehrayar and Shehrazad on the Nile.