15-07-2025
Oberoi Realty-Naman wins bid for Juhu hotel in Rs 919-crore resolution plan
Synopsis
Oberoi Realty, in collaboration with Shree Naman Developers and JM Financial Properties, has secured approval to acquire Hotel Horizon Pvt Ltd through insolvency, settling Rs 919 crore. This acquisition focuses on HHPL's prime 1.85-acre land parcel in Juhu, Mumbai, aligning with their strategy to expand in the luxury hospitality and mixed-use property market, pending NCLT approval.
