Oberoi Realty’s wholly owned subsidiary -- Evenstar Hotels has purchased and taken possession of a hotel property (together with appurtenant rights, proportionate interest in common areas, and conveniences) situate at Dr. Annie Besant Road, Worli, Mumbai, for a consideration of Rs 1040 crore.
The hotel property is a 221 key ‘5 Star’ hotel and will be operated and managed under the Ritz-Carlton brand. Prior to the acquisition by Evenstar, the hotel property was owned by Oasis Realty (an association of persons), and is part of the project ‘Three Sixty West’ developed by Oasis Realty.
Oberoi Realty is engaged in construction and real estate development, and hospitality. The company’s segments include Real estate and Hospitality.
