It will now be Reliance Industries catering to your needs when you fine dine at The Trident or lay back in the lap of luxury at The Oberoi Hotel. Reliance Industries Limited, led by Mukesh Ambani, Asias richest man, announced that it had bought a 14.12 per cent stake in EIH Limited, which owns and manages several hotels in the country including the Oberoi and The Trident brands.
The acquisition was made through RIL’s wholly-owned subsidiary Reliance Industries Investment and Holding Private Limited from Oberoi Hotels Private Limited and certain other promoters of EIH Limited a statement from the company said.
“RIL’s investment in EIH Limited has been made as the Oberoi family had developed the ‘Oberoi Hotels’ brand into a premier international brand in the luxury hospitality sector and as a result EIH Limited has excellent future prospects,” the statement added.
The entire deal has set back RIL by a whooping Rs. 1,021 Crores. But knowing Reliance, one cannot be surprised at the enormity of the figures the deal has witnessed. Reliance is a very diverse and flexible company, a fact which is again proven by the mentioned deal.
In a statement, RIL said that the investment in EIH Limited had been made as the Oberoi family had developed the Oberoi Hotels brand into a premier international brand in the luxury hospitality sector. The company noted that EIH Limited has excellent future prospects. The statement also said that there would be no change of management, operation or control of EIH Limited.
RIL is likely to get one seat on the board of EIH Limited for its stake. Sources said that there was no immediate plan for an open offer. Sources also confirmed that this was a strategic investment and probably the first step for the petrochemical major to enter the hospitality segment.
Now with Mr. Ambani investing aggressively in the hospitality business, it would be interesting to know whether his competitors follow lead and this inception triggers a series of aggressive investments mounting to huge amounts. Only time will tell what is in store. But for the moment, its Reliance at your service.
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Life at its best in luxury hotels Chicago
If youre on a business trip in Chicago and you need a place to go to the luxury hotels Chicago should be your pick! There are vast choices of these hotels all around Chicago; each giving you the most relaxing and satisfying stay.
As a metropolitan city, Chicago also offers a lot of lakes and parks for you to visit. But mostly, people who come here are in business trips or corporate seminars. In late 2008, the city attracted over 30 million travelers and has contributed to the already progressive economy of Chicago.
Chicago is also famous for its crowded shopping centers, energetic night life, and breathtaking architectures. So youre stay at a multiplex here will not be boring s there are many pplaces that you can go to.
These luxury hotels Chicago will surely help you unwind and remove some stress after a days full or hard work. These hotels also provide you with recreational activities or various means of pampering like spas, Jacuzzis, and soothing massages.
The hotels designs are absolutely stylish and special. Some of their exclusive services include 24 hour room service, WiFi connection, VIP treatments, and appetizing cuisines. The only thing youll have to do is choose from Chicagos wide array of five star hotels and any choice would absolutely give you comfort.
The following are just some of the luxurious hotels that you can find here in Chicago:
The Ritz Carlton Hotel. This has been one of the most top rated hotels in the world. It provides you with the best luxury that you can think of while giving you the perfect place to relax. This is also the place to go to as it offers a nice overview of some of the citys parts and they have just recently renovated their suites and guest rooms.
The Peninsula hotel, considered as one of the most luxurious hotels ever in existence, is the place where you will be treated as a royalty. There are four different restaurants here to satisfy your hunger and they have also added a bar to burn up some free time. The hotel has over 300 luxurious suites that are each armed with modern amenities to suit your taste. This is wisely situated near the airport and various other attractions, so having fun is just a stones throw away.
After a days stress in the city, youd surely want to get pampered by one of these luxury hotels Chicago. They will always make sure that you are given the service that you always deserve; all of these while admiring the beauty of the city.
So start the escapade and rent a room in one of Chicagos deluxe hotels and youll sure to hang around for a while.
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If you’re hunting for a hip hotel but don’t want to break the bank, the Ace Hotel & Swim Club is a superior choice. The Sunday afternoon pool events with DJ are pretty well-liked, and the two swimming pools are typically jumping. The updated rooms have MP3 docks and major, flat-display screen TVs. Upgrade to a area with a terrace and fireplace. The Ace is pet pleasant, and it’s strolling distance to Palm Springs retailers and dining establishments. If you’re hunting for peace and quiet, retain searching.ng.
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Las Vegas is the most significant city of Nevada, USA. It has been formulated as a tourist resort and gambling middle. Huge hotel complexes, casinos, night time clubs and dining establishments line the town streets. And now, additional providers are currently being presented these as spas and journey trips.
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Onyx Signs Agreement With Sino Lanka To Manage Two Sri Lanka Hotels
Sri Lanka will see the development of two new hotels over the next year after ONYX Hospitality Group recently signed management agreements with Sino Lanka Hotels.
ONYX, a Thailand-based management company, will be looking after two stylish hotels that will provide Sri Lanka holidays in Colombo and Galle from late 2013.
Sri Lanka is one of the most vibrant destinations in the Asia Pacific and one that is experiencing dynamic growth in tourism, commented Peter Henley, the president of ONYX Hospitality Group.
We plan to make it a key hub for ONYX going forward.
The two new Sri Lanka hotels will both operate under the OZO brand, which provides stylish and practical accommodation and facilities for travellers.
The Colombo OZO hotel will be located on Marine Drive on the coast and just five kilometres from the centre of the capital city. Guests will be able to enjoy beautiful views from a choice of 160 rooms during cultural Sri Lanka holidays in the country’s capital city, as well a sophisticated rooftop caf and refreshing swimming pool.
Tourists heading to the oceanfront Galle OZO property for beach holidays in Sri Lanka, will be able to enjoy the pristine sandy stretch of beach with its landscaped swimming pool and a selection of dining outlets. The hotel is located two kilometres from the famous Galle Fort and each of the propertys 148 rooms offer stunning views of the coastline.
The chairman of Sino-Lanka hotels, Bob Kundanmal, said: We aim to be at the forefront of hotel development in Sri Lanka in the next decade and we see the OZO brand as an ideal platform for bringing style and innovation to the mid-market sector.
We look forward to working with ONYX over the coming years to bring these first projects to life.
Since the end of the countrys decades-long civil war in 2009, Sri Lankas tourism industry has boomed. Travellers have regained confidence in returning to the island nation for holidays and the Sri Lanka Tourism Authority has been working hard to promote the country as a safe tourist destination in many countries across the world.
The Indian Ocean country is renowned for its beautiful natural landscapes and diverse ecosystem. Tourists can make the most out of their holidays in Sri Lanka by visiting hundreds of sandy beaches and heritage sites including ancient cities and colonial forts, or hiking through wildlife sanctuaries, thriving nature parks, and up majestic mountains.