EIH Limited, the flagship company of The Oberoi Group, has announced the approval for the construction of a new five-star deluxe hotel. The Trident, Shamshabad Airport, Hyderabad, will be built on an 8.89-acre site owned by the company. The estimated investment for this expansion project is ₹777 crores, with the hotel expected to be operational by September 2030.
New Hotel Project Approved by EIH Limited
EIH Limited, a prominent entity within The Oberoi Group, has given the green light for the construction of a new hospitality venture. The proposed development, named Trident, Shamshabad Airport, Hyderabad, signifies a strategic expansion of the company’s hotel portfolio. This project is situated on an 8.89-acre site that is already owned by EIH Limited.
Investment and Timeline Details
The estimated investment required for this significant undertaking is pegged at ₹777 crores. The company plans to finance this expansion through a combination of internal accruals and debt. The project is part of a broader strategy to enhance the company’s presence in the domestic tourism sector. The new hotel is anticipated to commence operations by September 2030.
Market and Service Offering
This new five-star deluxe hotel will cater to both domestic and international travelers, aiming to provide premium accommodation and services. The development is aligned with EIH Limited’s objective of strengthening its market position and capitalizing on the growth opportunities within the Indian hospitality industry.
Source: BSE
