M&A

M&A

Oberoi Realty-Naman wins bid for Hotel Horizon in Mumbai’s Juhu for Rs.919-Cr

Economic Times  

Oberoi Realty, in partnership with Shree Naman Developers and JM Financial Properties, has got the Committee of Creditors’ (CoC) approval to acquire Hotel Horizon Pvt Ltd (HHPL) through the insolvency resolution process.The Resolution Professional issued a formal Letter of Intent (LoI) to the consortium’s plan, involving a total settlement of INR 919 crore. The 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.