NEW DELHI: Hospitality major Oberoi Group will open two properties in Rishikesh, including a 80-key “vilas” and a 120-room Trident. The properties will come up in partnership with Ladhani Group and are a part of Oberoi’s strategic expansion plans. The two resorts in Rishikesh to be managed by EIH (Oberoi Group’s parent company) are in addition to the 19 properties previously announced as part of EIH Ltd’s growth strategy, that includes 16 hotels, two luxury boats, and a Nile cruiser to be completed by 2029.
The Oberoi Group executive chairman Arjun Oberoi said: “These two resorts reflect our unwavering commitment to expanding our presence in remarkable destinations. In partnership with The Ladhani Group, we are set to create a distinctive experience in Rishikesh, where the unique setting and Bill Bensley’s design expertise will come together to offer guests an oasis of luxury, tranquillity, and Oberoi’s hospitality.”
The Oberoi Group CEO & MD Vikram Oberoi said: “As we continue to expand, our goal remains to create extraordinary hotels with strong financial performance in both city and leisure destinations that blend the very best in luxury, culture and heritage with personalised service that is distinctively Oberoi.”
The two properties will be set amidst 60-acres site with the Ganges on three sides. The Oberoi Resort carrying the “vilas” name and the Trident Resort are owned and being developed by Devprayag Ganges Resorts Pvt Ltd, and Jamuna Hotel Enterprises Pvt Ltd respectively, both entities of The Ladhani Group. Architect Bill Bensley has been entrusted with designing these hotels, blending luxury with the natural beauty and spiritual essence of Rishikesh. “With planning already underway, construction of the two resorts in Rishikesh is expected to begin in early 2026. These developments mark another important milestone in The Oberoi Group’s continued growth, reinforcing its leadership in luxury hospitality,” the company said in a statement.
Given the travel boom seen post Covid, al travel companies are reporting record financial results. EIH delivered its highest-ever Q3 performance with standalone revenue at Rs 722 crore and consolidated revenue at Rs 831 crore. Standalone and consolidated EBITDA grew to Rs 330 crore and Rs 388 crore, respectively. PAT for Q3 stood at Rs 220 crore and Rs 279 crore on a standalone and consolidated basis which saw an increase of 18% and 21% respectively. “The Q3 results have been achieved despite closure of The Oberoi Grand for complete restoration,” the statement added.
