Oberoi Group to Open Two Luxury Resorts in Rishikesh by 2029

05 Mar 2025 CW Team

Expressing enthusiasm about the project, S N Ladhani, Chairman of Ladhani Group and SLMG Beverages, stated, “We are excited to collaborate with the Oberoi Group and are committed to developing resorts that celebrate the beauty of Rishikesh while offering guests world-class experiences.” He also noted that the project would be led by his grandchildren, Simran Ladhani and Rachit Ladhani. These additions align with EIH’s broader expansion strategy. In November last year, the company unveiled an ambitious growth plan featuring 20 new properties to be completed by 2029, including 16 hotels, two luxury boats, and a Nile cruiser.

Commenting on this expansion, Vikram Oberoi, CEO and Managing Director of the Oberoi Group, stated, “Our goal remains to create extraordinary hotels with strong financial performance in both city and leisure destinations that blend the very best in luxury, culture, and heritage with personalised service that is distinctively Oberoi.” The company has also reported strong financial performance, with a 20.5% year-on-year (Y-o-Y) increase in consolidated net profit for the December quarter, reaching approximately $31.8 million, while revenue from operations rose 8% to $96.3 million, compared to $89.2 million in the same period last year.

East India Hotels Limited (EIH), the parent company of the Oberoi Group of Hotels, announced plans for two new resorts in Rishikesh in collaboration with the Ladhani Group as part of its expansion strategy. The first will be an 80-key luxury Oberoi resort under the prestigious “Vilas” branding, while the second will be a 120-key five-star hotel under the Trident brand. Construction is set to begin in early 2026, with completion expected by 2029. The resorts, designed by renowned architect Bill Bensley, will be situated on a 60-acre site near the Ganges River, offering guests an immersive luxury experience. Expressing enthusiasm about the project, S N Ladhani, Chairman of Ladhani Group and SLMG Beverages, stated, “We are excited to collaborate with the Oberoi Group and are committed to developing resorts that celebrate the beauty of Rishikesh while offering guests world-class experiences.” He also noted that the project would be led by his grandchildren, Simran Ladhani and Rachit Ladhani. These additions align with EIH’s broader expansion strategy. In November last year, the company unveiled an ambitious growth plan featuring 20 new properties to be completed by 2029, including 16 hotels, two luxury boats, and a Nile cruiser. Commenting on this expansion, Vikram Oberoi, CEO and Managing Director of the Oberoi Group, stated, “Our goal remains to create extraordinary hotels with strong financial performance in both city and leisure destinations that blend the very best in luxury, culture, and heritage with personalised service that is distinctively Oberoi.” The company has also reported strong financial performance, with a 20.5% year-on-year (Y-o-Y) increase in consolidated net profit for the December quarter, reaching approximately $31.8 million, while revenue from operations rose 8% to $96.3 million, compared to $89.2 million in the same period last year.

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