EIH Hotels , the flagship company of The Oberoi Group, has announced a significant expansion of its hotel portfolio with the addition of four new properties under management contracts across India. This strategic move underscores the company's commitment to strengthening its presence in key leisure and urban destinations under both the Oberoi and Trident brands.

New Properties in Prime Locations

The new developments, as revealed during the company's 75th Annual General Meeting, are strategically positioned in four diverse locations:

1. The Oberoi, Gir: A luxurious 20-key wildlife retreat set within a 40-acre mango orchard, located near Gir National Park, home to the Asiatic lion.

2. The Oberoi, Hyderabad: A substantial 220-key luxury hotel situated in Knowledge City, a prominent commercial district in Hyderabad.

3. Trident, Nandi Hills: A 150-key Trident hotel nestled in the picturesque Nandi Hills, north of Bengaluru.

4. Trident, Fort Aguada: A 170-key Trident hotel in close proximity to the historic 17th-century Fort Aguada in Goa.

Part of a Larger Growth Strategy

These four new hotels are part of EIH Limited's robust development pipeline, which includes 25 properties scheduled for completion by 2030. The pipeline comprises 22 hotels and three luxury boats, all of which will be managed by EIH Limited through direct ownership, joint ventures, or management contracts.

Arjun Oberoi, Executive Chairman of The Oberoi Group, stated, "Our growth trajectory is driven by a clear strategic focus: expanding into high-potential markets, delivering authentic and memorable guest experiences, and upholding the service philosophy that defines The Oberoi Group."

Financial Performance

While the company focuses on expansion, its financial results for the quarter ended June 30 reflect the seasonal nature of the Indian hotel industry:

Looking Ahead

EIH Limited's expansion plans include both domestic and international properties, with 16 hotels in India and nine international properties across London, Egypt, Bhutan, Nepal, and Saudi Arabia. Upon completion, 18 of these will operate under the Oberoi brand and seven under the Trident brand, adding 2,033 keys to the portfolio.

Vikram Oberoi, CEO of The Oberoi Group, added, "As we open new landmark hotels and earn continued global recognition, we are deeply grateful for the enduring trust our guests place in us. It is a testament to the passion of our people, the strength of our legacy, and our unwavering commitment to redefining luxury hospitality."

As EIH Limited celebrates its 75th year and The Oberoi Group marks its 90th anniversary, the company remains committed to thoughtful expansion, innovation, and responsible luxury, carrying forward the legacy of its founders and visionary leadership.

EIH Hotels , the flagship company of The Oberoi Group, has reported a mixed set of financial results for the quarter. The company saw growth in revenue but experienced a significant decline in net profit, largely due to exceptional items.

Revenue Growth and Profit Decline

EIH Limited reported a standalone profit of Rs 36.36 crore for the quarter, compared to Rs 85.35 crore in the same period last year. Revenue from operations increased to Rs 518.77 crore from Rs 455.94 crore year-on-year, showing a positive trend in the company's core hospitality business.

Exceptional Items Impact

The company faced exceptional items worth Rs 110.32 crore primarily due to adjustments related to Mashobra Resort Limited (MRL) following a High Court order. These adjustments included:

1. Writing down the investment in MRL to Rs 13.00 crore
2. Reducing advances recoverable from MRL by 50% to Rs 68.09 crore
3. Reversing user fee obligations of Rs 85.99 crore

Consolidated Performance

On a consolidated basis, EIH Limited reported a profit of Rs 36.88 crore with revenue from operations at Rs 573.58 crore.

Other Financial Highlights

The proposed final dividend is subject to shareholder approval.

Future Outlook

EIH Hotels continues to face challenges related to the MRL adjustments, which may impact financial results in the near term. However, the growth in revenue suggests a positive trend in the core hospitality business.

Investors and industry analysts will be closely watching EIH Hotels' performance in the coming quarters, particularly how it manages the impact of the exceptional items while pursuing growth in its operations.