TenderTiger

Private Sector | Maharashtra - India | PID: 191318
Realty developer Oberoi Realty is in talks with Marriott International for a 120-room luxury five-star hospitality project as part of its total 1.8-million sq-ft mixed-use project in Mumbai’s Worli locality, said two persons with direct knowledge of the development. The proposed development on a four acre land parcel acquired from Glaxo Smith Kline near Mumbai's old passport office on Dr Annie Besant Road in Worli includes a luxury mall and high-end offices. The construction work on the project has already started and is likely to be completed in the next three years,” said one of the persons mentioned above. As part of the total development, the company is planning to build a high end luxury mall spread over leasable area of 0.8 million sq ft and 0.9 million sq ft office block and the hotel will be spread over 150,000 sq ft occupying the top floors of the tower. It could not be ascertained, however, whether Oberoi Realty is planning to raise funds or induct any private equity player into this project.Earlier this week, Marriott International entered into an agreement with Bengaluru-based Prestige Group to open six new hotels with nearly 1,000 rooms across four of its key brands. separate email queries to Oberoi Realty and Marriott International remained unanswered till the time of going to press. Oberoi Realty has a relationship with Marriott International through an operational 5-start hotel the Westin Mumbai Garden City in Goregaon, a suburb in Mumbai. This hotel with total 269 keys started operations in May 2010, the year when the realty developer got listed on stock exchanges. Apart from this, Oberoi Realty is also developing another upscale mixed-use project -- Three Sixty West, including branded residences and five-star category 220-key hotel to be managed by the Ritz Carlton, part of Marriott International. This will not only be the third Ritz hotel in India following the two already operational properties in Bangalore and Pune, but also the largest in the country. This hotel is expected to be operational in 2020. | Updated on: 02 - Dec - 2019
Search Tenders By Product: Restaurant Project
To view this paid Project you can either "Buy this Project" or subscribe our annual Project Alert Service and get access to all similar Projects. If you are registered member, please fill in the subscription form below . If not, please Register first.
Step 1 - Select a plan
Select Plan Unit Rate Subscription Validity
Rs. 29500 /-
Step 2 - If registered user, please fill below form
(*) Mandatory fields
Email Id *
States Interested In
Projects Interested In
Select Payment Type
Verification Code *
Note : As Goods and Services Tax is set to be implemented from 1st July 2017. The transition provisions under GST law applies to all services provided by e-Procurement Technologies Limited to its clients on or after 1st July 2017 and GST tax rate and other taxes are applicable as extra for all services provided.