Oberoi Hotels’ parent company EIH has announced its intention to establish a presence in London, UK, with a new Oberoi Hotel by March 2028.
The company plans to incorporate a new entity in the UK with an authorised share capital of £30m ($39.63m), with EIH and its subsidiaries holding a 51% stake.
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In August 2023, Reliance Industries, which holds an 18% stake in EIH, revealed a partnership to manage three properties, including one in the UK, alongside Oberoi.
This move signifies an expansion of Indian hospitality brands in London, where the Taj Group currently operates two hotels, reported the Times of India (ToI).
India-based The Hinduja Group has also ventured into London’s luxury hotel market by transforming Winston Churchill’s former Old War Office.
With Taj’s 27 international hotels and ten more in development, Oberoi’s expansion into markets such as Morocco, UAE, and Egypt, as well as ITC Hotels’ recent foray into Colombo, Indian hotel chains are increasingly expanding their global footprint.
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By GlobalDataIn a stock exchange filing, EIH outlined its UK strategy, highlighting the significant Indian diaspora as a key factor.
According to ToI, the filing stated: “Meeting held Monday approved an investment in a company to be incorporated in the United Kingdom… [To] enable the company to have a hotel presence in London, with the UK being a key source market.”
This announcement comes amid EIH’s expansion efforts and an ongoing legal dispute within the Oberoi family concerning late PRS Oberoi’s wills.
Additionally, EIH is developing a Trident hotel in Pune, through the acquisition of a majority stake in Muttha Towers II.
It has greenlit an investment to create a mixed-use development in Pune, which will feature the Trident Hotel with approximately 175 rooms, alongside commercial spaces including office areas and retail outlets specialising in food and beverages.
The project’s total estimated cost is Rs9.72bn ($116.01m), with commercial operations expected to commence in the first quarter of the financial year 2029-2030.
