Hospitality Career E-Mag: NEW HOTELS| 100-Room, 5-Star Hotel In Dehradun

MAX India chairman Analjit Singh has joined hands with PRS Oberoi group flagship EIH Ltd to set up a 100-bed, 5-star hotel in Dehradun under the Trident brand, triggering talks that the billionaire businessman has larger plans for the hospitality sector.

The property will be owned by Mr Singh while the Oberoi group will manage it, two people familiar with the development said.

Two industry observers, who asked not to be named, saw the collaboration as a sign of Mr Singh’s larger interest in EIH and diversification into the hospitality sector. The Max group chairman had a 4.37% stake in EIH as of June-end this year, up from 2.17% at the end of March, according to disclosures made to BSE.

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NEW HOTELS| 100-Room, 5-Star Hotel In Dehradun