Oberoi to reopen in Q1 2010

The Oberoi hotel here,which was severely damaged by terrorists on November 28,2008,is expected to reopen in the first quarter of 2010. “The restoration of the hotel is making steady progress. As the hotel is more than 20 years old,we took a decision to renovate the entire hotel and thus give it a new look. Technology has also changed since the hotel was built in 1986. It is our endeavour to advance this hotel’s technology to make it more contemporary,” EIH Ltd chairman PRS Oberoi said while addressing the AGM in Kolkata.

He said the Trident hotel at Bandra Kurla,Mumbai,was nearing completion. The hotel was scheduled to open shortly. Construction of The Oberoi in Gurgaon was underway. The first phase of The Trident hotel at the new Bangalore International Airport is expected to complete in 2011.

Oberoi felt that the current year would continue to be difficult for the hospitality industry. He expected a revival in 2010-2011.

Total income for the first quarter was Rs 218.10 crore compared with Rs 253.12 crore in the previous year. The profit after tax was Rs 19.05 crore compared with Rs 38.01 crore in the previous year.