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EIH to close Oberoi hotel for two years for renovation in New Delhi

Hospitality major EIH Ltd, which runs hotels and resorts under Oberoi and Trident brands, will close Oberoi, New Delhi for two years for major renovations of the property.

"The Oberoi, New Delhi will be closed effective from April 1, 2016 for major renovations. The hotel is expected to be ready for commercial operations by April 1, 2018," EIH Ltd said in a BSE filing. Oberoi, New Delhi had contributed Rs 186.88 crore in revenue which was 13.68% of the revenues of the company for the last financial year ended March 31, 2015, EIH said. Founded in 1934, Oberoi Group operates 30 hotels, two Nile Cruisers and a Motor Vessel in the backwaters of Kerala.