East India Hotels (EIH), which owns and manages the Oberoi and the Trident brand hotels, would enter into a management contract with Reliance for the latter's property in Navi Mumbai, Chairman PRS Oberoi said on August 7.
EIH will probably manage the Reliance property which will come up at Navi Mumbai on their land, Oberoi told the media after the company's AGM in Kolkata.
Asked whether this model would be replicated in other cases, Oberoi said that it was the decision of Reliance Industries. The Navi Mumbai project would be a Trident property with a 160-room hotel and service apartments. Reliance has 15 acre in the area.
The shareholders of EIH approved the induction of Nita Ambani, wife of RIL Chairman Mukesh Ambani, as a board member of the company.