The Covid-19 pandemic certainly brought the hospitality industry worldwide to its knees, it also delivered a body blow to the international plans of Oberoi Hotels and Resorts, one of India’s premier luxury hotel chains.
The Delhi-based company belonging to the Oberoi Group which runs award winning luxury hotels in India, will not be able to make its debut in Europe as envisaged earlier. The company had signed an agreement in May 2020 with the privately held real estate investment firm Cain International to run serviced residences in London’s Mayfair.
“Because of the pandemic, the owners of the luxury serviced apartments, decided to sell the property. So, London will not be happening (for us). I hope we will have other opportunities in London and in other parts of the world,” Vikramjit Singh Oberoi, Managing Director and Chief Executive Officer, EIH said in a post earnings…
