Reliance Industries Ltd (RIL) and Oberoi Hotels & Resorts will jointly manage three hotel properties in India and the UK, RIL said in a statement.
RIL holds an 18.53% stake in EIH Limited, which operates hotels and resorts under the Oberoi brand.
On Thursday, the company signed a memorandum of understanding to jointly manage the upcoming Anant Vilas Hotel at Mumbai’s Bandra Kurla Complex, Stone Park in the UK and another planned project in Gujarat.
Anant Vilas is believed to be the first metropolitan-centric hotel, part of the iconic luxury ‘Vilas’ portfolio operated by Oberoi. Stoke Park Limited, a subsidiary of RIL, owns sports and leisure facilities in the UK, including a hotel and a golf course.
“The Oberoi will assist RIL in upgrading its facilities to make it an iconic world-class destination and provide guests with an unparalleled experience,” RIL said.