Key Points
Property developer Oberoi Realty is in talks with global hospitality majors including Marriott International and Hyatt to manage and operate a five-star luxury hotel property it is planning to develop in Thane, Maharashtra, said persons with direct knowledge of the development...
Oberoi Realty already has a relationship with Marriott International through an operational five-star hotel, Westin Mumbai Garden City in Goregaon, a suburb in Mumbai..
Besides, Oberoi Realty has another upscale mixed-use project, Three Sixty West, which includes branded residences and a five-star category 220-key hotel to be managed by the Ritz Carlton, part of Marriott International..
The projects hotel and international school part are at design stage and the company is likely to announce the brands shortly, Vikas Oberoi, CMD, Oberoi Realty mentioned in the companys earnings conference call recently...
The Blue Star India's land parcel is located on Thanes Pokhran Road 2, next to GlaxoSmithKline Pharmaceuticals 60-acre plot that Oberoi Realty had acquired in 2019 for Rs 890 crore...
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